Last year,Shelley bought 6 pairs of designer jeans when her income was $40,000.This year,her income is $50,000,and she purchased 10 pairs of designer jeans.Holding other factors constant,it follows that Shelley
A) considers designer jeans to be a necessity.
B) considers designer jeans to be an inferior good.
C) considers designer jeans to be a normal good.
D) has a low price elasticity of demand for jeans.

Question

Quizplus · Accepted Answer

Since Shelley's consumption of designer jeans has increased as her income has increased (holding all other factors constant), designer jeans are a normal good for her.

Last Year,Shelley Bought 6 Pairs of Designer Jeans When Her