Question: Other things remaining the same, if there is an increase in consumers' income, which of the following is likely to happen in the market for

Other things remaining the same, if there is an increase in consumers' income, which of the following is likely to happen in the market for cars? Select a Choice Below current question choices OptionA The equilibrium price of cars will decrease and the equilibrium quantity of cars will increase. OptionB The equilibrium quantity of cars will decrease and the equilibrium price of cars will increase. OptionC Both the equilibrium price and quantity of cars will decrease. OptionD Both the equilibrium price and quantity of cars will increase

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