If the price of a good rises and households’ incomes go up by exactly the same proportion, then the quantity of the good demanded will: » MCQsTestz

If the price of a good rises and households’ incomes go up by exactly the same proportion, then the quantity of the good demanded will:

A. Increase

B. Decrease

C. Show an unpredictable effect

D. Decrease or stay the same, but not increase

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