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-In the Above Figure, Income Is $8, the Price of a Soft

Question 456

Multiple Choice

-In the above figure, income is $8, the price of a soft drink is $1, and the initial price of a milkshake is $2. If the price of a milkshake decreases to $1, milkshakes are revealed to be A) an inferior good. B) a normal good. C) less preferred than soft drinks. D) None of the above answers is correct.
-In the above figure, income is $8, the price of a soft drink is $1, and the initial price of a milkshake is $2. If the price of a milkshake decreases to $1, milkshakes are revealed to be


A) an inferior good.
B) a normal good.
C) less preferred than soft drinks.
D) None of the above answers is correct.

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