If Tortilla Chips Are a Normal Good,when There Is an Increase

question 17

Multiple Choice

If tortilla chips are a normal good,when there is an increase in income,equilibrium price _____ and equilibrium quantity _____.

• A)decreases;increases.
• B)decreases;decreases.
• C)increases;increases.
• D)increases;decreases.

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Definitions:

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Public Policies

Governmental laws and programs designed to promote the welfare of children and families.

Child Development

The physical, cognitive, emotional, and social growth that occurs from infancy through adolescence.

Correlated

A statistical relationship between two variables where a change in one is associated with a change in the other.