Assume that the price of wheat an important input in the


Assume that the price of wheat [an important input in the production of pasta] has decreased and at the same time, good economic conditions have increased the income of consumers. If pasta is an inferior good, show graphically and briefly explain what happens to equilibrium price and equilibrium quantity of pasta, holding all other things equal?

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Business Economics: Assume that the price of wheat an important input in the
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