question archive Which of the following CANNOT result in an increase in price in a competitive market for a normal good? a) An increase in income
Which of the following CANNOT result in an increase in price in a competitive market for a normal good? a) An increase in income
Subject:EconomicsPrice: Bought3
Which of the following CANNOT result in an increase in price in a competitive market for a normal good?
a) An increase in income.
b) A decrease in the price of a complement to this good.
c) An increase in the price of a substitute for this good.
d) A decrease in the wages paid to workers who produce this good.
