Multiple Choice
Assuming that travel from New York to Los Angeles is a normal good, a decrease in consumer income, other things being equal, will:
A) decrease the quantity demanded of travel to Los Angeles.
B) increase the demand for travel to Los Angeles.
C) decrease the demand for travel to Los Angeles.
D) increase the quantity of travel to Los Angeles demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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