Suppose Consumer Income Increases

question 83

Multiple Choice

Suppose consumer income increases.If grass seed is a normal good,the equilibrium price of grass seed will

• A)decrease,and producer surplus in the industry will decrease.
• B)increase,and producer surplus in the industry will increase.
• C)decrease,and producer surplus in the industry will increase.
• D)increase,and producer surplus in the industry will decrease.

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The system in which elected officials are chosen to make laws and policies on behalf of their constituents within a governmental body.

Maryland's Government

The administrative and legislative structures ruling the state of Maryland, including its local, state, and judicial branches.

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The total number or percentage of votes cast by the electorate directly in an election, as opposed to those cast by representatives or electors.

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Bodies within a legislative branch of government, typically bicameral, comprising two separate assemblies or chambers.