The Jones family is going to Disney World and has set a budget of $2000 for food and souvenirs.If Mr.Jones finds a $50 bill on the ground during their trip and uses it to purchase additional souvenirs,then
A) souvenirs are a normal good
B) food is an inferior good
C) the budget line has shifted to the left
D) the slope of the budget line has changed
E) souvenirs are a luxury good
Correct Answer:
Verified
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