Esen consumes only two goods meat and potatoes when the, Ask an Expert

Economics

Esen consumes only two goods, meat and potatoes. When the price of meat rises, he buys less meat and less potatoes. Based on this information, we can say that

a. meat is necessarily a normal good.

b. meat is necessarily an inferior good.

c. potatoes are necessarily a normal good.

d. potatoes are necessarily an inferior good.

e. None of the above.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91803367

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