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What will be the effect on equilibrium price and equilibrium quantitywhen income increases in case of normal goods ? |
Answer» <html><body><p>Both equilibrium price and quantity <a href="https://interviewquestions.tuteehub.com/tag/falls-983294" style="font-weight:bold;" target="_blank" title="Click to know more about FALLS">FALLS</a><br/>Both equilibrium price and quantity <a href="https://interviewquestions.tuteehub.com/tag/rises-1189694" style="font-weight:bold;" target="_blank" title="Click to know more about RISES">RISES</a><br/>Equilibrium price rises and equilibrium quantity falls<br/>Equilibrium price falls and equilibrium quantity rises</p>Answer :(<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>)</body></html> | |