When Matt Has an Income of $2,000, He Consumes 30

question 542

Multiple Choice

When Matt has an income of $2,000, he consumes 30 units of good A and 50 units of good B. After Matt's income increases to $3,000, he consumes 25 units of good A and 95 units of good B. Which of the following statements is correct?

• A)Both goods A and B are normal goods.
• B)Both goods A and B are inferior goods.
• C)Good A is a normal good, and good B is an inferior good.
• D)Good A is an inferior good, and good B is a normal good.

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Definitions:

Chronologically

In a time sequence, naming or listing events in the time order in which they occurred.

State Trial Court Decisions

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