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Will Feckless Unexpectedly Inherits $10,000 from a Rich Uncle

Question 37

Multiple Choice

Will Feckless unexpectedly inherits $10,000 from a rich uncle.He is observed to consume fewer hamburgers than he used to.


A) Hamburgers are a Giffen good for Will.
B) Hamburgers are a normal good for Will.
C) Will's Engel curve for hamburgers is vertical.
D) Will's Engel curve for hamburgers is horizontal.
E) Will's preferences are not homothetic.

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