Exam 5: Demand Analysis and Utility Theory in Economics

In the case of normal goods, the quantity demanded varies inversely with:

A movement from one point to another along an indifference curve makes the satisfaction:

If income effect works in the same direction to that of substitution effect, the good is a:

As moving from left to right through an indifference curve, the MRS of X for Y

In the case of an indifference curve