-The above figure shows Bobby's indifference map for juice and snacks.Also shown are three budget lines resulting from different prices for snacks.Bobby views snacks as a(n)
A) normal good.
B) inferior good.
C) Giffen good.
D) luxury good.

Question

-The above figure shows Bobby's indifference map for juice and snacks.Also shown are three budget lines resulting from different prices for snacks.Bobby views snacks as a(n)
A) normal good. 
B) inferior good. 
C) Giffen good. 
D) luxury good.

Quizplus · Accepted Answer

Bobby's indifference curves are convex to the origin, which indicates that he views snacks as a normal good.

-The Above Figure Shows Bobby's Indifference Map for Juice and Snacks.Also