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Question
Assume that the market for baseballs is in equilibrium. There is a sudden decrease in income throughout the economy. If all else is held constant, we would expect that if baseballs are a(n) ________ good, then the demand curve will shift to the ________, causing the equilibrium price and quantity to ________.
a. inferior; left; fall
b. normal; right; rise
c. inferior; right; fall
d. normal; left; fall
e. normal; left; rise
Answer
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