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If a consumers income increases. Which phenomenon would we expect to happen for the market of normal goods? A) Price increase and quantities decrease B)
If a consumers income increases. Which phenomenon would we expect to happen for the market of normal goods?
A) Price increase and quantities decrease
B) Price decreases and quantities decrease
C) Prices increase and quantities increase
D) Prices decrease and quantities increase
I'm saying C but just want to double check.
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