Question $3$

$0\mathrm{.}17$ pts

If income increases in the economy, this means that:

Consumers demand less of the good$/$service in the market.

At any given price in a market, the quantity demanded in the market, will be greater than prior to the income increase.

At any given quantity in a market, the quantity demanded in the market, will be greater than prior to the income increase.

At any given income in a market, the quantity demanded in the market, will be less than prior to the income increase.