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PaulKet PaulKet
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Posts: 488
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6 years ago
If consumer income and prices increase by the same percentage,
A) the consumer will buy more of both goods.
B) the consumer will buy more of both goods if they are both normal goods.
C) the consumer will buy less of both goods if they are both inferior goods.
D) the consumer's utility maximizing bundle stays the same.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 66 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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RumkoRumko
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6 years ago
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PaulKet Author
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#2
5 years ago
Thank you for helping me on my economics homework!
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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