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:

Misrepresent

To provide false or misleading representation of facts, often with the intention to deceive.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, offering services to the public.

Control

The power or authority to direct, manage, oversee or govern individuals, organizations, or systems.

Specific Job

Employment or position defined by unique duties, responsibilities, and requirements distinct from other roles within an organization.