If orange juice is considered a normal good, then an increase in income in Ventura will have the following effect on orange juice in Ventura: Group of answer choices: a decrease in the demand. an increase in the demand. an increase in the supply. no change in the demand.

If orange juice is considered a normal good, then an increase in income in Ventura will have the following effect on orange juice in Ventura: Group of answer choices: a decrease in the demand. an increase in the demand. an increase in the supply. no change in the demand.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

Section: Chapter Questions

Problem 2SQ: Which of the following would not cause market demand for a normal good to decline? a. An increase in...

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Question

If orange juice is considered a normal good, then an increase in income in Ventura will have the following effect on orange juice in Ventura:

Group of answer choices:

a decrease in the demand.

an increase in the demand.

an increase in the supply.

no change in the demand.

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