Is it possible that both goods are normal? that both are, Ask an Expert

Economics

Jessica spends all her income on good 1 and good 2, and her income-consumption path is downward sloping. Is it possible that both goods are normal? That both are inferior? That good 1 is normal? That good 1 is inferior? That one of these goods is inferior and the other normal?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9449012

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