Suppose that books are a normal good. If consumers get richer what will happen to the price and quantity of books in equilibrium? O a. Price of books falls and the quantity of books rises. O b. Price...

Please helpSuppose that books are a normal good. If consumers get richer what will happen to the price and quantity of books in<br>equilibrium?<br>O a. Price of books falls and the quantity of books rises.<br>O b. Price of books rises and the quantity of books falls.<br>O c. Price of books falls and the quantity of books falls.<br>O d. Price of books rises and the quantity of books rises.<br>

Extracted text: Suppose that books are a normal good. If consumers get richer what will happen to the price and quantity of books in equilibrium? O a. Price of books falls and the quantity of books rises. O b. Price of books rises and the quantity of books falls. O c. Price of books falls and the quantity of books falls. O d. Price of books rises and the quantity of books rises.

Jun 11, 2022
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