Short Answer
The following figure shows a portion of a consumer's indifference map and budget lines. The price of good Y is $17 and the consumer's income is $7,650.
Let the consumer begin in utility-maximizing equilibrium at point A on indifference curve II. Next the price of good X changes so that the consumer moves to a new utility-maximizing equilibrium at point B on indifference curve I.
-Good X is a(an) ____________ good.
Correct Answer:

Verified
Correct Answer:
Verified
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