Multiple Choice
A consumer is currently consuming some of good X and some of good Y.If good Y is a normal good for this consumer,a rise in consumer income will definitely cause
A) an increase in the consumption of X.
B) an increase in the consumption of Y.
C) a decrease in the consumption of X.
D) a decrease in the consumption of Y.
Correct Answer:

Verified
Correct Answer:
Verified
Q116: If a consumer's income decreases,the budget constraint
Q118: Consider the indifference curve map and budget
Q119: Figure 21-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Figure 21-4
Q120: Figure 21-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Figure 21-7
Q122: A consumer has preferences over two goods:
Q123: A consumer has preferences over consumption and
Q124: The marginal rate of substitution does not
Q126: A consumer has preferences over two goods:
Q193: The rate at which a consumer is
Q195: Graphically demonstrate the conditions associated with a