Multiple Choice
Suppose there are only two goods, A and B, and that consumer income is constant. If the price of good A falls and the consumption of good B rises, we can conclude that
A) B is a normal good.
B) B is an inferior good.
C) A is an inferior good.
D) both A and B are normal goods.
E) A is a normal good.
Correct Answer:
Verified
Correct Answer:
Verified
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