Post by: ishan on May 24, 2019
Consider the market for frozen yogurt. Assume the market starts at point A. An increase in income causes a movement to point
◦ D if frozen yogurt is a normal good.
◦ B if frozen yogurt is a normal good.
◦ C because the price of resources used to make frozen yogurt will increase.
◦ D because the price of resources used to make frozen yogurt will increase.
◦ B because the price of resources used to make frozen yogurt will decrease.
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