Question: (a.) Consumer income decreases, and, simultaneously, producers' expect future prices to increase. If the good is a normal good, which of the following is correct?

(a.) Consumer income decreases, and, simultaneously, producers' expect future prices to increase. If the good is a normal good, which of the following is correct? One cannot tell about ______________.

a

quantity, but price will decrease.

b

quantity, but price will increase.

c

price, but quantity will decrease.

d

price, but quantity will increase.

e

either price or quantity

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