Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section21.1: The Budget Constraint: What The Consumer Can Afford
Problem 1QQ
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Question
![A negative sloped income consumption line indicates that:
A) both goods are normal.
B) the goods may be normal or inferior.
C) both goods are inferior.
D)
one of the goods is normal and the other is inferior.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39e0df17-ad8c-4199-aeec-4dbcd0a552ce%2F1c2b7055-88b1-43f3-98c3-094be0f00f6a%2F8xc9glm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A negative sloped income consumption line indicates that:
A) both goods are normal.
B) the goods may be normal or inferior.
C) both goods are inferior.
D)
one of the goods is normal and the other is inferior.
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