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Question: If UWO students suffer a drop in income, what will happen to the market for UWO t-shirts (assumin...

Show transcribed image text If UWO students suffer a drop in income, what will happen to the market for UWO t-shirts (assuming they're a normal good) The price will rise, the quantity will fall. The price will rise, the quantity will rise. The price will fall, the quantity will rise. The price will fall, the quantity will fall.

If UWO students suffer a drop in income, what will happen to the market for UWO t-shirts (assuming they're a normal good) The price will rise, the quantity will fall. The price will rise, the quantity will rise. The price will fall, the quantity will rise. The price will fall, the quantity will fall.