Question: 08 - Price Price Price Price Quantity Quantity Quantity Quantity (4) (1) Refer to the above diagrams and start with the initial curves D, and

08 - Price Price Price Price Quantity Quantity Quantity Quantity (4) (1) Refer to the above diagrams and start with the initial curves D, and S. Suppose consumer incomes decrease and the good is considered a 'normal good'. Which diagram would be consistent with the impact of this event? a) 1 b) 2 C) 3

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