Which of the following must be true if good X is a normal good and income increases?

A. The demand for X will increase, and thus the price and quantity sold and bought will decrease.
B. The demand for X will decrease, and thus the price and quantity sold and bought will decrease.
C. The demand for X will increase, and thus the price and quantity sold and bought will increase.
D. The demand for X will decrease, and thus the price and quantity sold and bought will increase.


Answer: C

Economics

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