Multiple Choice
If an increase in income leads to an increase in the demand curve for sailboats, this will lead to
A) higher prices of sailboats.
B) lower prices of sailboats.
C) a corresponding shift in the supply curve for sailboats.
D) reduced output of sailboats.
E) no change in the price of sailboats.
Correct Answer:
Verified
Correct Answer:
Verified
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