In the graph above, suppose equilibrium is at point A. What would cause equilibrium to shift to point D? A. An increase in the number of buyers. B. An incrase in firms's taxes. C. A decrease in consumers's income. D. A change in technology. E. A decrease in the number of firms.

Q: None

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Normal and Inferior Goods

Understanding a normal good and an inferior good is important because it tells us what will happen to demand different products during booms and recessions.