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

question 62

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

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Definitions:

Oriented Manager

A manager focused or aligned with specific goals, outcomes, or directions in their decision-making and leadership approach.

Advantage

A favorable or beneficial condition, circumstance, or characteristic that puts someone or something in a better position.

Resources

Assets, materials, or inputs used by an individual or organization to achieve objectives or produce goods and services.

Best Interest

A principle that emphasizes acting for the greatest benefit or advantage of all parties involved.