Suppose That Bananas Are a Normal Good and Woody Is

question 42

Multiple Choice

Suppose that bananas are a normal good and Woody is currently consuming 100 bananas at a price of 10 cents each.

• A)His Slutsky compensated demand curve going through this point is steeper than his ordinary demand curve.
• B)His ordinary demand curve going through this point is steeper than his Slutsky compensated demand curve.
• C)His ordinary demand curve is steeper to the left and his Slutsky compensated demand curve is steeper to the right of this point.
• D)Whether his ordinary demand curve or his Slutsky compensated demand curve is steeper depends on whether his price elasticity is greater than 1.
• E)None of the above.

---

Definitions:

Stereotypes

Oversimplified and generalized beliefs about a particular group of people or things, often based on assumptions rather than facts.

Young Women

Females in their youth, often considered to be in their late teens to early thirties.

California

A U.S. state located on the West Coast of the country, known for its diverse geography ranging from the Pacific Coast to the Sierra Nevada mountains, as well as its significant economic, cultural, and technological contributions.

Groupthink

A psychological phenomenon in which the desire for harmony or conformity in a group leads to an irrational or dysfunctional decision-making outcome.