Exhibit 10-5 Refer to Exhibit 10-5.The graph on the left implies that:
A) clothing is a normal good and food is a normal good.
B) clothing is a normal good and food is an inferior good.
C) clothing is an inferior good and food is a normal good.
D) clothing is an inferior good and food is an inferior good.

Question

Exhibit 10-5  Refer to Exhibit 10-5.The graph on the left implies that:
A) clothing is a normal good and food is a normal good. 
B) clothing is a normal good and food is an inferior good. 
C) clothing is an inferior good and food is a normal good. 
D) clothing is an inferior good and food is an inferior good.

Quizplus · Accepted Answer

The Answer of Exhibit 10-5  Refer to Exhibit 10-5.The graph on the left implies that:
A) clothing is a normal good and food is a normal good. 
B) clothing is a normal good and food is an inferior good. 
C) clothing is an inferior good and food is a normal good. 
D) clothing is an inferior good and food is an inferior good.