Refer to the diagrams. The case of an inferior good is represented by figure:
A. A.
B. B.
C. C.
D. D.
B. B.
Economics
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Workers who pursue an education directly increase their
A) financial capital. B) physical capital. C) human capital. D) saving.
Economics
If the cross elasticity of demand is -5 between french fries and orange drink, then french fries
A) and orange drink are complements. B) and orange drink are substitutes. C) are a normal good and orange drink is an inferior good. D) are an inferior good and orange drink is a normal good.
Economics