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Question: 25...

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25

The graph below depicts the market for the market for an inferior good a. Use the diagram below to illustrate an increase in the income of buyers Instructions: Use the tool provided New line to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Good A Tools S, New ine 0, Quantity b. This increase in the income of buyers will cause the equilibrium price to Click to select) (Click to select and the equilibrium quantity to

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