On the graph above, a movement from point ________ to point ________ might represent a negative supply shock

If a consumer has a choice between only two goods and both of them are perfect substitutes what would the indifference curve look like and why?

What will be an ideal response?

A good is normal for a consumer if

A) it is always consumed in a consistent quantity. B) its consumption rises when income rises. C) its consumption falls when income rises. D) some minimal level of the good must be consumed to assure the consumer's survival.