Multiple Choice
All else equal, when the price of gasoline falls, Brian purchases more gasoline and more candy. For Brian, we can definitely say that candy:
A) is a normal good and gasoline is an inferior good.
B) is a normal good but gasoline could be normal or inferior.
C) is a normal good and gasoline is a normal good.
D) could be normal or inferior good and gasoline is a normal good.
Correct Answer:

Verified
Correct Answer:
Verified
Q49: When total utility _ at a decreasing
Q50: Suppose that you are opening a business
Q51: Every point on a budget constraint represents
Q52: Which of the following statements about the
Q53: Utility maximization is about:<br>A) making sure that
Q55: If a good is an inferior good
Q56: The concept from behavioral economics that is
Q57: Use the table Polly's Marginal Utility from
Q58: A consumer maximizes utility when:<br>A) some of
Q59: All else equal, when the price of