Suppose There Are Only Two Goods,A and B,and That Consumer

question 22

Multiple Choice

Suppose there are only two goods,A and B,and that consumer income is constant.If the price of good A falls and the consumption of good B rises,we can conclude that

• A)both A and B are normal goods.
• B)A is a normal good.
• C)B is an inferior good.
• D)B is a normal good.
• E)A is an inferior good.

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Definitions:

Higher Elevations

Elevated areas on the Earth's surface, often characterized by cooler temperatures and different ecological conditions compared to lower regions.

Icy Chunks

Large pieces of frozen water or ice, often found in polar regions or as parts of glaciers or icebergs.

Rings Of Saturn

The system of planetary rings surrounding Saturn, made up of ice particles, rocks, and dust.

Sand, Pebbles

Small, loose particles of rocks or minerals; pebbles are larger than sand grains but smaller than cobbles.