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Author Question: The above figure illustrates the market for corn. If point "a" represents the original equilibrium ... (Read 127 times)

kodithompson

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on: May 24, 2019


The above figure illustrates the market for corn. If point "a" represents the original equilibrium and point "b" the new equilibrium, which of the following could have caused the change?
◦ an increase in consumers' preferences for corn
◦ an increase in consumers' income if corn is a normal good
◦ an increase in labor costs of producing corn
◦ an improvement in the technology of producing corn
◦ an increase in consumers' income if corn is an inferior good
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by kodithompson on May 24, 2019

brittiany.barnes

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kodithompson

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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