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-Using the Above Figure, Suppose That Roses Are a Normal

Question 431

Multiple Choice

-Using the above figure, suppose that roses are a normal good. If there is an increase in income, A) we cannot predict what will happen to the equilibrium price. B) the equilibrium quantity will decrease below 10 dozen roses. C) we cannot predict what will happen to the equilibrium quantity. D) the equilibrium price will rise above $25 per dozen roses.
-Using the above figure, suppose that roses are a normal good. If there is an increase in income,


A) we cannot predict what will happen to the equilibrium price.
B) the equilibrium quantity will decrease below 10 dozen roses.
C) we cannot predict what will happen to the equilibrium quantity.
D) the equilibrium price will rise above $25 per dozen roses.

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