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The Table Below Shows the Quantities of Automobiles, Margarine, and Coffee

Question 96

Multiple Choice

The table below shows the quantities of automobiles, margarine, and coffee purchased by Ted at different levels of income. Table 19.2
The table below shows the quantities of automobiles, margarine, and coffee purchased by Ted at different levels of income. Table 19.2   Based on the information given in Table 19.2, margarine is: A) an inferior good. B) a necessity. C) a normal good. D) a complementary good. E) a luxury good. Based on the information given in Table 19.2, margarine is:


A) an inferior good.
B) a necessity.
C) a normal good.
D) a complementary good.
E) a luxury good.

Correct Answer:

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