Business, 25.12.2019 06:31, teescub812

If the price and quantity for a normal good, good x, is $8 and 6 units at the original equilibrium, what is one possibility for the new equilibrium of good x if we see income increase and all other factors stay constant?

a. $10 and 4 units
b. $10 and 8 units
c. $6 and 4 units
d. $6 and 8 units
e. $10 and 2 units

Answers: 3

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If the price and quantity for a normal good, good x, is $8 and 6 units at the original equilibrium,...