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Business, 01.10.2019 21:00 20jhutchinson

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 the equilibrium price would increase, but the impact on the amount sold in the market would be ambiguous. b equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous. c the equilibrium price would decrease, but the impact on the amount sold in the market would be ambiguous. d both equilibrium price and equilibrium quantity would increase.

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