If good x is normal and good y is inferior following a loss, Ask an Expert

Economics

If good X is normal and good Y is inferior, following a loss of income:

1. The consumer's utility will be unchanged.

2. The new optimal bundle will contain more Y and less X.

3. The new optimal bundle will contain more X and less Y.

4. The new optimal bundle will contain more Y and less X.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91227342

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