Solved

When Otto's Income Increases, He Buys Fewer Frozen Vegetables

Question 6

Multiple Choice

When Otto's income increases, he buys fewer frozen vegetables. Based on this, we can conclude that:


A) Otto is irrational.
B) Otto considers frozen vegetables to be inferior goods.
C) frozen vegetables are necessities.
D) frozen vegetables are luxuries.

Correct Answer:

verifed

Verified

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

Related Questions