The fresh fruit market and frozen dinner market are currently in equilibrium. Fresh fruit is a normal good for consumers and frozen dinners are an inferior good. Given an upward sloping supply curve, if there is an economic boom that increases consumers' incomes, this will lead to:

an increase in the equilibrium price of fresh fruit

Explanation:

Here are the options to this question :

an increase in the equilibrium price of frozen dinners

a decrease in the equilibrium quantity of fresh fruit

an increase in the equilibrium price of fresh fruit

A normal good is a good whose demand increases when income increases and falls when income falls.

An inferior good is a good whose demand increases when income falls and demand falls when income increases.

If income increases, the demand for fresh fruit would increase. As a result, the price of fresh fruit would rise also and the equilibrium quantity would increase.

If income increases, the demand for frozen food would fall. As a result , the price and equilibrium quantity would fall.

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