We typically assume that
A) both consumption and leisure are normal goods.
B) consumption is a normal good and leisure is an inferior good.
C) consumption is an inferior good and leisure is a normal good.
D) both consumption and leisure are inferior goods.
E) both consumption and leisure and complimentary goods.

Question

Quizplus · Accepted Answer

It is generally assumed that as income increases, people consume more goods and services and also have more leisure time. This implies that both consumption and leisure are normal goods.

We Typically Assume That