Suppose Consumer Income Increases

question 83

Multiple Choice

Suppose consumer income increases.If grass seed is a normal good,the equilibrium price of grass seed will

• A)decrease,and producer surplus in the industry will decrease.
• B)increase,and producer surplus in the industry will increase.
• C)decrease,and producer surplus in the industry will increase.
• D)increase,and producer surplus in the industry will decrease.

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Definitions:

Antimicrobial Petroleum

A petroleum-based product infused with antimicrobial agents to prevent or inhibit the growth of microorganisms.

Alginate

A biodegradable polymer extracted from seaweed, used in wound dressings and as an ingredient in food and pharmaceutical products.

Foam Dressing

A type of medical dressing made of polyurethane foam that absorbs wound exudate and maintains a moist wound environment conducive to healing.

Contaminated Wound

A wound with the presence of bacteria or other pathogens that can potentially lead to infection.