When Her Income Increased from $30,000 to $40,000,Toby's Consumption of Macaroni

question 82

Multiple Choice

When her income increased from $30,000 to $40,000,Toby's consumption of macaroni decreased from 8 kilograms to 6 kilograms and her consumption of soy burgers increased from 3 kilograms to 4 kilograms.What can we conclude for Toby

• A)Macaroni and soy burgers are both normal goods with income elasticities equal to 1.
• B)Macaroni is an inferior good and soy burgers are normal goods; both have income elasticities of 1.
• C)Macaroni is an inferior good with an income elasticity of -1, and soy burgers are normal goods with an income elasticity of 1.
• D)Macaroni and soy burgers are both inferior goods with income elasticities equal to -1.

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