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:

Hypothalamus

A region of the brain that controls an immense number of bodily functions, including hunger, thirst, temperature, and emotional activity.

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The belief in the reliability, truth, ability, or strength of someone or something.

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