Multiple Choice
Use the following to answer questions :
-(Figure: Income and Substitution Effects) Use Figure Income and Substitution Effects.Carlos is consuming his optimal consumption bundle at point A when the price of gasoline falls.As Carlos moves to his new optimal consumption bundle,we observe that gasoline:
A) is not an ordinary good.
B) is a normal good.
C) is an inferior good.
D) and good L are complements.
Correct Answer:

Verified
Correct Answer:
Verified
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