What will happen if the income of consumers rises? a. The quantity demanded of normal goods will increase and other things will decrease. b. The quantity demanded of normal goods remains the same and other things will decrease. c. The quantity demanded of normal goods will increase and other things remain the same. d. The quantity demanded of normal goods will decrease and other things remain the same.

What will happen if the income of consumers rises? a. The quantity demanded of normal goods will increase and other things will decrease. b. The quantity demanded of normal goods remains the same and other things will decrease. c. The quantity demanded of normal goods will increase and other things remain the same. d. The quantity demanded of normal goods will decrease and other things remain the same.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...

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