There Is an Increase in Both Consumer Income and in the Price

question 164

Multiple Choice

There is an increase in both consumer income and in the price of jet fuel,an important resource used to produce air travel.If air travel is a normal good,how will these changes influence the price and quantity purchased of air travel? The price of air travel will (be) ____ and quantity purchased will (be) ____.

• A) indeterminate; decrease
• B) increase; indeterminate
• C) decrease; indeterminate
• D) indeterminate; increase

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