Consider the market for Asparagus. Green beans are a substitute for Asparagus. Asparagus is a normal good. Potassium is typically used as a fertilizer when growing asparagus. If consumer income in this market were to increase, then the market equilibrium price of asparagus would and the market equilibrium quantity of asparagus would .

increase

increase

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

If income of Asparagus consumers increases, the demand for the good would increase. This would lead to a rightward shift of the demand curve for Asparagus. As a result, them equilibrium price would increase and equilibrium quantity would increase

advanced placement tests

answer; comparing the additional benefits and costs;