Figure: Price and Quantity 4 
If the figure depicts a market for an inferior good, which of the following statements describes what could have happened?
A) Consumer income increased, causing an increase in demand and an increase in supply.
B) Consumer income decreased, causing an increase in demand and an increase in quantity supplied.
C) The price of a substitute good increased, causing an increase in quantity demanded and an increase in quantity supplied.
D) Consumers expect lower future prices, causing an increase in demand and an increase in supply.
Correct Answer:
Verified
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