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Suppose incomes increase in the economy and the number of

Suppose incomes increase in the economy, and the number of sellers of logo shirts also increase. What will happen to equilibrium price and quantity of logo shirts?

Equilibrium quantity of logo shirts will decrease but effect on price is ambiguous.
Equilibrium price of logo shirts will increase but effect on quantity is ambiguous.
Equilibrium price of logo shirts will decrease but effect on quantity is ambiguous.
Equilibrium quantity of logo shirts will increase but effect on equilibrium price is ambiguous.

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Business Economics: Suppose incomes increase in the economy and the number of

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