Which of the Following Would Cause Both the Equilibrium Price

question 170

Multiple Choice

Which of the following would cause both the equilibrium price and equilibrium quantity of potatoes (assume that potatoes are an inferior good) to decrease?

• A)an increase in consumer income
• B)a freeze that sharply reduces potato output
• C)a decrease in consumer income
• D)a technological advancement that results in a bumper crop of potatoes

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Definitions:

Morphemes

The smallest units of meaning in a language, which can be a word or a part of a word (such as a prefix).

Metalinguistic Awareness

The ability to reflect on and manipulate the structural features of spoken language, such as understanding that a sentence can be interpreted in different ways.

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, suggesting a resemblance.

Overregularization

A linguistic phenomenon in language development where children apply regular grammatical patterns to irregular words, like saying "goed" instead of "went".