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    Suppose When the Consumer's Income Rises by 100%,the Consumer's Consumption
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Suppose When the Consumer's Income Rises by 100%,the Consumer's Consumption

Question 57

Question 57

Multiple Choice

Suppose when the consumer's income rises by 100%,the consumer's consumption of good Suppose when the consumer's income rises by 100%,the consumer's consumption of good   only increases 1%.We can infer that good   is a(n)  A)  normal good. B)  inferior good. C)  Giffen good. D)  marginal good. only increases 1%.We can infer that good Suppose when the consumer's income rises by 100%,the consumer's consumption of good   only increases 1%.We can infer that good   is a(n)  A)  normal good. B)  inferior good. C)  Giffen good. D)  marginal good. is a(n)


A) normal good.
B) inferior good.
C) Giffen good.
D) marginal good.

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