Vagal got a raise at work and now has more weekly income. Magali will now demand __________ "inferior" goods such as ___________. Fill in the blanks. Question 22 options: A) less; generic frozen pizza from the convenience store B) more; generic frozen pizza from the convenience store C) more; food from the deli at Whole Foods D) less; food from the deli at Whole Foods

Vagal got a raise at work and now has more weekly income. Magali will now demand "inferior" goods such as _. Fill in the blanks. Question 22 options: A) less; generic frozen pizza from the convenience store B) more; generic frozen pizza from the convenience store C) more; food from the deli at Whole Foods D) less; food from the deli at Whole Foods

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section3.1: What Is Demand

Problem 1ST

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Nadia consumes two goods, food and clothing. The price of food is $2,the price of clothing is $5,and her income is $1,000. Nadia always spends 40 percent of her income on food regardless of the price of food, the price of clothing, or her income. 1. What is her price elasticity of demand for food? 2. What is her cross-price elasticity of demand for good with respect to the price of clothing?
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