The market for chocolate, a normal good, and the market for labor for producing chocolate are perfectly competitive. How would employment and wages be affected if the income of consumers increased? Wages decrease, employment decreases Wages increase, employment decreases Wages decrease, employment increases Wages increase, employment increases Neither wages nor employment are affected.

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The market for chocolate, a normal good, and the market for labor for producing chocolate are perfectly competitive. How would employment and wages be affected if the income of consumers increased?

Wages decrease, employment decreases
Wages increase, employment decreases
Wages decrease, employment increases
Wages increase, employment increases
Neither wages nor employment are affected.

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