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Figure 5-12 in Figure 5-12, the Move in the Consumer Equilibrium from Consumer

Question 188

Multiple Choice

Figure 5-12
Figure 5-12 In Figure 5-12, the move in the consumer equilibrium from A to B shows that A) beer is an inferior good, but wine is a normal good. B) wine is an inferior good, but beer is a normal good. C) both beer and wine are normal goods. D) both beer and wine are inferior goods.
In Figure 5-12, the move in the consumer equilibrium from A to B shows that

A) beer is an inferior good, but wine is a normal good.
B) wine is an inferior good, but beer is a normal good.
C) both beer and wine are normal goods.
D) both beer and wine are inferior goods.

Correct Answer: