menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 21: The Theory of Consumer Choice.
  5. Question
    When Phil's Income Increases,he Purchases Fewer Spaghetti Dinners Than He
Solved

When Phil's Income Increases,he Purchases Fewer Spaghetti Dinners Than He

Question 171

Question 171

Multiple Choice

When Phil's income increases,he purchases fewer spaghetti dinners than he did before his income increased.For Phil,spaghetti dinners are a(n)


A) normal good.
B) inferior good.
C) optimal good.
D) luxury good.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q84: A typical indifference curve is upward sloping.

Q97: Suppose at the consumer's current consumption bundle

Q116: Draw indifference curves that reflect the following

Q167: Figure 21-19<br>The following graph illustrates a representative

Q175: Figure 21-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 21-5

Q195: Graphically demonstrate the conditions associated with a

Q379: If the interest rate rises, an individual

Q435: Figure 21-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-8

Q482: Two economists found empirical evidence that when

Q489: Figure 21-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-13

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines