Author Question: If incomes are rising, in the market for a normal good, a. its price will rise and the quantity ... (Read 120 times)

K@ · **on:** Jun 30, 2018

If incomes are rising, in the market for a normal good,
a. its price will rise and the quantity exchanged will rise.
b. its price will rise and the quantity exchanged will fall.
c. its price will fall and the quantity exchanged will rise.
d. its price will fall and the quantity exchanged will fall.

Question 2

The more widely held and accepted credit cards are, the more money people would be expected to hold in the form of currency.
a. True
b. False
Indicate whether the statement is true or false