In the market for chimichangas, a normal good, you observe that the equilibrium price and quantity have decreased. This can be caused only by:

Question

Quizplus · Accepted Answer

Since chimichangas are a normal good, a decrease in the income of people who love to eat chimichangas will lead to a decrease in demand for chimichangas, which will result in a decrease in both the equilibrium price and quantity. None of the other choices listed would have a direct impact on the demand for chimichangas.

In the Market for Chimichangas, a Normal Good, You Observe