Which of the Following Events Would Cause Both the Equilibrium

question 36

Multiple Choice

Which of the following events would cause both the equilibrium price and equilibrium quantity of number two grade potatoes to increase if number two grade potatoes are an inferior good?

• A)an increase in consumer income
• B)a decrease in consumer income
• C)greater government restrictions on agricultural chemicals
• D)fewer government restrictions on agricultural chemicals

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Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, a crucial indicator of cardiovascular health.

Fitness Level

A measure of an individual's physical ability, stamina, and overall health, often assessed through various physical tests.

Preferences

Individual likes or choices, often considered in decision-making processes to ensure outcomes align with personal or collective desires.

Ethnicity

Shared cultural, national, tribal, religious, linguistic, or ancestral characteristics among a group of people.