Since income and substitution effects point in the same direction for normal goods, the leisure demand curve will be shallower if leisure is a normal good than if leisure is an inferior good.
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Q1: Holding all prices fixed, income-demand curves relate
Q3: If future consumption is a normal good,
Q4: The empirically observed backward-bending labor supply curve
Q5: Leisure being an inferior good is necessary
Q6: A downward sloping income-demand curve indicates that
Q7: Assuming the same sized substitution effect, normal
Q8: Saving is equivalent to withdrawing financial capital
Q9: Leisure being a normal good is neither
Q10: If a good is quasilinear, its own-price
Q11: The cross-price demand curve for Cobb-Douglas tastes
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