-The Above Figure Shows Larry's Indifference Map and Budget Lines

question 59

Multiple Choice

-The above figure shows Larry's indifference map and budget lines for ham and pork.Which of the following statements is TRUE?

• A) Larry's demand curve for pork shifts rightward when his income increases.
• B) Larry's income elasticity of demand for pork is greater than zero.
• C) Pork is a normal good.
• D) All of the above.

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