Exhibit 5-8 Supply and Demand Curves for Good X

question 226

Multiple Choice

Exhibit 5-8 Supply and demand curves for good X
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-As shown in Exhibit 5-8, assuming good X is an inferior good, a decrease in consumer income, other factors held constant, will move the equilibrium from point E to point:

• A) X.
• B) W.
• C) Z.
• D) Y.

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