If clams and mussels are normal goods, then when the amount the consumer can spend increases,
A) purchases of whichever good is preferred will increase, and purchases of the good not preferred will decrease
B) purchases of both goods will increase
C) only purchases of the cheaper good will increase
D) only purchases of the more expensive good will increase
E) it is unclear what will happen to purchases of clams and mussels
Correct Answer:
Verified
Q97: Exhibit 6-31 Q98: What would happen to the budget line Q99: A consumer allocates income between clams and Q100: What would happen if the price of Q101: This morning, Yoriko Dazai learned that the Q102: Indifference curves in a consumer's indifference map Q103: For inferior goods, a rise in price Q104: Although some of the statements below are Q105: Combinations of goods along an indifference curve Q107: If Hannah considers biscuits an inferior good,
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