Business, 07.08.2021 03:30 auraliamontoya
When Matt has an income of $2,000, he consumes 30 units of good A and 50 units of good B. After Matt's income increases to $3,000, he consumes 25 units of good A and 95 units of good B. Which of the following statements is correct?
a. Both goods A and B are normal goods.
b. Both goods A and B are inferior goods.
c. Good A is a normal good, and good B is an inferior good.
d. Good A is an inferior good, and good B is a normal good.
Answers: 3
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When Matt has an income of $2,000, he consumes 30 units of good A and 50 units of good B. After Matt...
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