Normal good or inferior good?
Exercise and reference answers
- Items
- Item
- Rises with income
- Category
- Normal
- Item
- Income effect +ve
- Category
- Normal
- Item
- Buy more if rich
- Category
- Normal
- Item
- Falls with income
- Category
- Inferior
- Item
- Income effect -ve
- Category
- Inferior
- Item
- Drop it if rich
- Category
- Inferior
- Categories
- Item
- Normal
- Item
- Inferior
- Instructions
- Tap a description, then tap the kind of good it names.
Explanation
_Source: syllabus Introductory Microeconomics Ch2 Consumer Behaviour, 2.4.3 Normal and Inferior Goods_