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.

---

Definitions:

Plaintiff's Experiences

The experiences and perspectives of individuals who initiate a lawsuit in civil court, seeking legal remedy for grievances.

Public Sector Employment

Jobs provided by government entities at the federal, state, or local levels.

Inner-City Joblessness

High rates of unemployment among residents of densely populated, urban neighborhoods, typically resulting from a combination of economic, social, and educational disadvantages.

Microfinance

A type of banking service provided to unemployed or low-income individuals or groups who have no other access to financial services.