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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