Mario buys eight units of good X when his income is $2,000 a month. When his income increases to $2,700 per month, he buys only six units of good X. For Mario, good X is:

Name: Mario buys eight units of good X when his income is $2,000 a month. When his income increases to $2,700 per month, he buys only six units of good X. For Mario, good X is:
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Question

Quizplus · Accepted Answer

The decrease in the quantity of good X demanded when the income increased indicates that good X is an inferior good for Mario.

Mario Buys Eight Units of Good X When His Income