Which of the Following Would Cause Both the Equilibrium Price

question 24

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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