Suppose when the consumer's income rises by 100%,the consumer's consumption of good only increases 1%.We can infer that good is a(n)
A) normal good.
B) inferior good.
C) Giffen good.
D) marginal good.

Question

Suppose when the consumer's income rises by 100%,the consumer's consumption of good  only increases 1%.We can infer that good  is a(n)
A) normal good. 
B) inferior good. 
C) Giffen good. 
D) marginal good.

Quizplus · Accepted Answer

The Answer of Suppose when the consumer's income rises by 100%,the consumer's consumption of good  only increases 1%.We can infer that good  is a(n)
A) normal good. 
B) inferior good. 
C) Giffen good. 
D) marginal good.

Suppose When the Consumer's Income Rises by 100%,the Consumer's Consumption