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Question: consider the market for home espresso machines a normal good...

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Consider the market for home espresso machines (a normal good) at right Suppose consumer income ncreases and the wage of espresso machine factory workers increases Use the line drawing tool to show the effect of the above shocks on the market for espresso machines Property label any lines you draw Carefuly folow the instructions above, and only araw ne requred obects Assuming the magnitude of the shifts is unknown, which of the tollowing is true? O A. Both the equlibium price and quantity wa increase O B. The eqabnum price wงเ increase, but the effect on euitrum quantity is unclear O C. The equibrium quantity will increase, but the effect on equibrium price is uncea O D. Both the equaibrium price and quantity will decrease O E. None of the above are true
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