Which Statement Is Definitely True About Shelter in the Graph

question 62

Multiple Choice

Which statement is definitely true about shelter in the graph below?

• A)The demand curve is negatively sloped over the price range shown.
• B)It is clearly a normal good throughout the range shown.
• C)It is an inferior good throughout the range shown.
• D)The income and substitution effects must be shown before any of these statements can be definitely true.

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