What Would Happen to the Equilibrium Price and Quantity of Lattés

question 148

Multiple Choice

What would happen to the equilibrium price and quantity of lattés if consumers' incomes rise and lattés are a normal good?

• A)Both the equilibrium price and quantity would increase.
• B)Both the equilibrium price and quantity would decrease.
• C)The equilibrium price would increase,and the equilibrium quantity would decrease.
• D)The equilibrium price would decrease,and the equilibrium quantity would increase.

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Definitions:

Monocot Leaves

Leaves of monocotyledonous plants, typically characterized by parallel veins.

Parallel Venation

A pattern of plant vein arrangement where veins run parallel to each other throughout the leaf blade.

Palmate Venation

A type of leaf venation where several main veins radiate outwards from a single point, resembling the palm of a hand, typical of some types of plants.

Phloem

The vascular tissue in plants responsible for the transport of organic nutrients, particularly sucrose, from the leaves to the rest of the plant.