In the Market for Tacos, You Observe That the Equilibrium

question 288

Multiple Choice

In the market for tacos, you observe that the equilibrium price and quantity have increased. This can be caused only by:

• A)an increase in the price of beef.
• B)an increase in the wages of taco shop workers.
• C)fewer taco shops.
• D)an increase in the incomes of people who eat tacos.

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Definitions:

Avoid Communicating

The deliberate act of withholding information or not engaging in the exchange of ideas and feedback.

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