Which of the Following Would Cause Both the Equilibrium Price

question 33

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:

Peripheral Vision

The area of visual field that lies outside the central area of focus, enabling one to see objects and movement outside of the direct line of sight.

Low Light Conditions

Low light conditions refer to environments with minimal illumination, which can challenge visual perception and activities.

The Pupil

The adjustable opening in the center of the eye through which light enters, its size regulates the amount of light that reaches the retina.

Retina

The light-sensitive layer of tissue at the back of the inner eye which converts light images into electrical signals sent to the brain via the optic nerve.