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:

Memories

Stored information and experiences in the brain that can be recalled.

Hypnotized

An altered state of consciousness characterized by intense focus and greater receptiveness to suggestions, typically used for therapeutic ends.

Confidence

A belief in oneself and one's ability to succeed or handle various situations effectively.

Atmospherics

The use of space, lighting, music, and scent by retailers and marketers to influence consumers' mood, behavior, and spending in a commercial environment.