If good x is normal and good y is inferior following a loss


If good X is normal and good Y is inferior, following a loss of income:

1. The consumer's utility will be unchanged.

2. The new optimal bundle will contain more Y and less X.

3. The new optimal bundle will contain more X and less Y.

4. The new optimal bundle will contain more Y and less X.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: If good x is normal and good y is inferior following a loss
Reference No:- TGS0941192

Expected delivery within 24 Hours