Chewing gum is considered an inferior good. What would happen to the equilibrium price and quantity of chewing gum if income increased and more firms started producing chewing gum? Equilibrium price will A. go up and equilibrium quantity will go up. B. go down and equilibrium quantity will be indeterminate. C. go up and equilibrium quantity will go down. D. be indeterminate and equilibrium quantity will go up.

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Chewing gum is considered an inferior good. What would happen to the equilibrium price and quantity of chewing gum if income increased and more firms started producing chewing gum? Equilibrium price will
A. go up and equilibrium quantity will go up.
B. go down and equilibrium quantity will be indeterminate.
C. go up and equilibrium quantity will go down.
D. be indeterminate and equilibrium quantity will go up.

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