Multiple Choice
There is an increase in both consumer income and in the price of jet fuel, an important resource used to produce air travel. If air travel is a normal good, how will these changes influence the price and quantity purchased of air travel?
A) The price will be indeterminate and the quantity purchased will decrease.
B) The price will be indeterminate and the quantity purchased will increase.
C) The price will decrease and the quantity purchased will be indeterminate.
D) The price will increase and the quantity purchased will be indeterminate.
Correct Answer:

Verified
Correct Answer:
Verified
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