Top Posters
Since Sunday
2
g
1
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
NNF1024 NNF1024
wrote...
Go to Answer
Posts: 144
Rep: 0 0
A year ago
Assume you are consuming two goods, X and Y. Suppose the money prices for X and Y remain unchanged, but your income increases by 20%. What happens to your consumption of good X?

▸ It increases by 20%.

▸ It increases or decreases, depending on whether it is normal or inferior.

▸ It increases.

▸ It stays the same.

▸ It decreases.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 39 times
1 Reply
Replies
Answer verified by a subject expert
callisonrcallisonr
wrote...
#1
Posts: 131
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

NNF1024 Author
wrote...

A year ago
Good timing, thanks!
Lawson1981
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
momochiime
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  922 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 219
  
 205
  
 310
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 300
Previous poll results: Do you believe in global warming?