An Increase in Consumers' Incomes Will Have What Effect on the Equilibrium

question 96

Multiple Choice

An increase in consumers' incomes will have what effect on the equilibrium in the restaurant meals market?

• A) Price will increase, and quantity will increase.
• B) Price will decrease, and quantity will increase.
• C) Price will increase, and quantity will decrease.
• D) Price will decrease, and quantity will decrease.
• E) Price will increase, and quantity will stay the same.

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