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? The price of air travel will (be) ____ and quantity purchased will (be) ____.
A) indeterminate; decrease
B) increase; indeterminate
C) decrease; indeterminate
D) indeterminate; increase
Correct Answer:
Verified
Correct Answer:
Verified
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