Question

prince is curently consuming some of good X and some of good Y. If good Y is a normal good for Prince, then an increase in his income will definitely cause him to a. increase his consumption of X 13. b. increase his consumption of Y. 14 c. decrease his consumption of X 15 d. decrease his consumption of Y

Answer 1

Answer:

b. increase his consumption of Y.

Explanation:

A normal good is a good whose demand increases when income rises and falls when income falls.

If good Y is a normal good, Prince would increases its consumption when income rises.

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