Question: Which ones are correct if so why? 13. (2pt) If the economy goes into a recession and incomes fall and labor wage rises in the

Which ones are correct if so why?

13. (2pt) If the economy goes into a recession and incomes fall and labor wage rises in the labor market, ceteris paribus, what happens in the markets for inferior goods? price may rise and quantity rises too. price may fall and quantity falls too. price rises, quantity may fall. price falls, quantity may rise. price rises, quantity may rise too. none of the options from a to e is correct more than one options from a to e are true

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