Multiple Choice
Figure 5-12
In Figure 5-12, the move in the consumer equilibrium from A to B shows that
A) beer is an inferior good, but wine is a normal good.
B) wine is an inferior good, but beer is a normal good.
C) both beer and wine are normal goods.
D) both beer and wine are inferior goods.
Correct Answer:

Verified
Correct Answer:
Verified
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