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 i

Question

soldier1979 [14.2K]

3 years ago

13

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 i

ncome 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

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1 answer:

cricket20 [7] · Answer 1 · 2022-03-29T00:31:00+03:00

cricket20 [7]3 years ago

4 0

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.

I hope my answer helps you