In year 1 the average price of X is $10, and in year 2 the average price of X is $23. If consumers buy more units of X in year 2 than in year 1, it follows that
A) the law of supply does not hold for good X.
B) demand for good X could be higher in year 2 than in year 1.
C) supply of good X could be less in year 2 than in year 1.
D) good X buyers have received an increase in income between year 1 and year 2, and good X is a normal good.
E) b and d
E
Economics
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