You just got a big raise in pay. On your next trip to the store, you walk right past the canned tuna and go to the fresh seafood section. Which statement is probably TRUE? a) For you, canned tuns is an inferior good, and fresh seafood is a normal good. b) For you, fresh seafood is an inferior good, and canned tuna is a normal good. c) The fresh seafood must have been on sale. d) Your preferences for canned tuna and fresh seafood have changed.

You just got a big raise in pay. On your next trip to the store, you walk right past the canned tuna and go to the fresh seafood section. Which statement is probably TRUE? a) For you, canned tuns is an inferior good, and fresh seafood is a normal good. b) For you, fresh seafood is an inferior good, and canned tuna is a normal good. c) The fresh seafood must have been on sale. d) Your preferences for canned tuna and fresh seafood have changed.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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