Which of the Following Would Cause Both the Equilibrium Price

question 232

Multiple Choice

Which of the following would cause both the equilibrium price and equilibrium quantity of oysters (assume that oysters are a normal good) to decrease?

• A)an increase in consumer income
• B)an oil spill that sharply reduces oyster output
• C)a decrease in consumer income
• D)a technological advancement in the production of oysters

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