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Other Fields Homework Help Economics Topic started by: djsmyers on Nov 12, 2017



Title: There are only two goods for John to consume: food and clothing. If clothing is an inferior good for ...
Post by: djsmyers on Nov 12, 2017
There are only two goods for John to consume: food and clothing. If clothing is an inferior good for John when his income rises to $100,000, then food is
A) also an inferior good.
B) a normal good.
C) Either inferior or normal could be possible.
D) Not enough information


Title: Re: There are only two goods for John to consume: food and clothing. If clothing is an inferior good ...
Post by: unExpected on Nov 12, 2017
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Title: Re: There are only two goods for John to consume: food and clothing. If clothing is an inferior good ...
Post by: Ng Stevr on Oct 30, 2019
thanks