n the following question you are asked to determine, other things equal, the effects of a ten change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. If X is a normal good, an increase in income will

ANSWER:

increase D, increase P, and increase Q