Which of the Following Would Cause Both the Equilibrium Price

question 89

Multiple Choice

Which of the following would cause both the equilibrium price and equilibrium quantity of wheat, (assume that wheat is a normal good) to increase?

• A)An increase in consumer income
• B)A drought that sharply reduces wheat output
• C)A decrease in consumer income
• D)Unusually good weather that results in a bumper crop of wheat

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