After getting a raise at work, Tiana now regularly buys steak instead of hamburger. Based on this behavior, what can we assume about these goods for Tiana?

Question

Quizplus · Accepted Answer

Tiana's increase in income has led to her choosing a higher-priced good (steak) over a lower-priced good (hamburger), indicating that steak is a normal good (a good that people demand more of as their income increases) and hamburger is an inferior good (a good that people demand less of as their income increases).

After Getting a Raise at Work, Tiana Now Regularly Buys