Multiple Choice
Assume you are consuming two goods,X and Y.Suppose that the money prices for X and Y remain unchanged,but your income increases by 20%.What happens to your consumption of good X?
A) it stays the same
B) it increases
C) it increases or decreases,depending on whether it is normal or inferior
D) it increases by 20%
E) it decreases
Correct Answer:
Verified
Correct Answer:
Verified
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