If Income Falls,then in the New Consumer Equilibrium

question 94

Multiple Choice

If income falls,then in the new consumer equilibrium

• A)the marginal utility from normal goods increases.
• B)the marginal utility from normal goods decreases.
• C)the marginal utility from inferior goods increases.
• D)total utility from normal goods increases.
• E)both B and C.

---

Definitions:

Pooled Estimator

A statistical method that combines estimates from different sources or samples to arrive at a more accurate or comprehensive estimate.

Population Proportion

Population Proportion represents the fraction or percentage of members in a population that exhibit a particular attribute or characteristic.

MPG

Stands for Miles Per Gallon, a measure to estimate the distance a vehicle can travel per gallon of fuel.

Pooled Estimator

A statistical method used to estimate the mean of two or more groups by assuming that they have the same variance.