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Score

$30$ard

Movement or Shift $$100$

Movement or Shift $$300$

Demand $$200$

Materials

$$$400$

Demand Changes $$300$

nd Changes $$300$

The fresh fruit market and frozen dinner market are currently in equilibrium. Fresh fruit is a normal good for consumers and frozen dinners are an inferior good. Given an upward sloping supply curve, if there is an economic boom that increases consumers' incomes, this will lead to:

an increase in the equilibrium price of frozen dinners

a decrease in the equilibrium quantity of fresh fruit

an increase in the equilibrium price of fresh fruit