-The figure above shows the market for digital cameras. If consumers' incomes rise and a digital camera is a normal good, the efficient quantity of digital cameras to produce will be ________ thousand cameras and the marginal cost of a digital camera will be ________.

Question

Quizplus · Accepted Answer

If digital cameras are a normal good, an increase in consumers' incomes will increase demand, leading to a higher efficient quantity produced and a higher marginal cost.

-The Figure Above Shows the Market for Digital Cameras