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If tortilla chips are a normal good, what happens to equilibrium price and quantity when there is an increase in income?

If tortilla chips are a normal good, what happens to equilibrium price and quantity when there is an increase in income?
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if tortilla chips are a normal good, what happens to equilibrium price and quantity when there is an increase in income?

asked
User Carl Carlson
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1 Answer

1 vote

Answer:

equilibrium price decreases and equilibrium quantity increases.

Step-by-step explanation:

answered
User Phong Vo
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