If consumers' incomes increase at the same time there is a decrease in the cost to produce granite counter tops, which of the following is true?

A) The equilibrium quantity will decrease.
B) Both the demand and supply curves will shift to the left.
C) The equilibrium quantity will increase.
D) The effect on the equilibrium quantity is ambiguous without more information.


C) The equilibrium quantity will increase.

Anthropology & Archaeology

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