Question

Suppose the wages of the cafeteria workers on campus increase by 10% forcing the price of meals to increase at the same time your scholarship income doubles. (Cafeteria meals are an inferior good.) How will these changes impact the quantity and price levels in the cafeteria food market?

Quantity / Price

Increase / Indeterminate
Increase / Decrease
Decrease / Indeterminate
Decrease / Increase
Indeterminate / Decrease

Answer 1

The correct answer is: [C]: "decrease / indeterminate" .
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Answer 2

Hey You!

The correct answer to this question is: Decrease / Increase.

I Really Hope This Helped You, Good Luck With Your Studies! =)