Suppose the Incomes of Buyers in a Market for a Particular

question 89

Multiple Choice

Suppose the incomes of buyers in a market for a particular normal good decrease and there is also a reduction in input prices.What would we expect to occur in this market?

• A)Equilibrium price would decrease,but the impact on equilibrium quantity would be ambiguous.
• B)Equilibrium price would increase,but the impact on equilibrium quantity would be ambiguous.
• C)Equilibrium quantity would decrease,but the impact on equilibrium price would be ambiguous.
• D)Equilibrium quantity would increase,but the impact on equilibrium price would be ambiguous.

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Definitions:

Large Intestine

The final portion of the digestive system, responsible for water absorption and the formation of feces.

Gallbladder

A small, pear-shaped organ located beneath the liver which stores and concentrates bile.

Simple Cuboidal Epithelium

A type of epithelial tissue consisting of a single layer of cube-shaped cells, typically involved in secretion and absorption.

Portal Triads

are structures in the liver consisting of a bile duct, a branch of the hepatic artery, and a branch of the hepatic portal vein.