Which of the Following Would Cause Both the Equilibrium Price

question 129

Multiple Choice

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

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

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Definitions:

Mucosa

A moist, inner lining of some organs and body cavities, such as the nose, mouth, lungs, and stomach.

Submucosa

A layer of dense irregular connective tissue or fibrous connective tissue that lies beneath a mucous membrane and supports it, often containing glands, blood vessels, and nerves.

Large Intestine

In vertebrates, the portion of the digestive tract that follows the small intestine. In humans, consists of the cecum, colon, rectum, and anal canal.

Duodenum

First part of the small intestine, where chyme enters from the stomach.