MTN H+ Telecel Econ 151Lecture 4B.pptx 017 12:48 Q If good X is a normal good and its price falls, the price-consumption curve must be: A. upward sloping (and positive). 20% 20% 20% 20% 20% B. downward sloping. Cupward sloping (and positive) or downward sloping. D. upward sloping and either positive or negative (backward bending), but not downward sloping. E. upward sloping and negative (backward bending). B. C. DE Δ 38/38 Go to page О ☐

ENGR.ECONOMIC ANALYSIS
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MTN H+
Telecel
Econ 151Lecture 4B.pptx
017
12:48
Q If good X is a normal good and its price
falls, the price-consumption curve must be:
A. upward sloping (and positive). 20% 20% 20% 20% 20%
B. downward sloping.
Cupward sloping (and positive)
or downward sloping.
D. upward sloping and either
positive or negative
(backward bending), but not
downward sloping.
E. upward sloping and negative
(backward bending).
B. C. DE
Δ
38/38
Go to page
О
☐
Transcribed Image Text:MTN H+ Telecel Econ 151Lecture 4B.pptx 017 12:48 Q If good X is a normal good and its price falls, the price-consumption curve must be: A. upward sloping (and positive). 20% 20% 20% 20% 20% B. downward sloping. Cupward sloping (and positive) or downward sloping. D. upward sloping and either positive or negative (backward bending), but not downward sloping. E. upward sloping and negative (backward bending). B. C. DE Δ 38/38 Go to page О ☐
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