Suppose the income of buyers in a market for an inferior good decreases and a technological advancement occurs also. What would we expect to happen in the market?

a. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous.
b. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.
c. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.
d. None of the above is correct.


b

Economics

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The market structure in which strategic considerations are most important is

A) monopolistic competition. B) oligopoly. C) pure competition. D) pure monopoly.

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As a result of the financial crisis of 2007-2009, the size of the shadow banking system:

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Some countries have negative nominal interest rates. Which of the following statements about this situation is not true?

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Economics