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SHABBA027 SHABBA027
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A year ago
Assume you are consuming two goods, X and Y. Suppose the absolute prices for X and Y remain unchanged, but your money income falls by 50%. What happens to your consumption of good X?

▸ It decreases by 50%.

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

▸ It increases.

▸ It stays the same.

▸ It decreases.
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Microeconomics

Microeconomics


Edition: 17th
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careytrancareytran
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