1) Demand for an inferior good is ___________________.

a. Cannot be determined from the information

b. Upward sloping

c. Downward sloping

d. Inelastic

e. Elastic

2) Considering shoes and socks, to graph an Engel curve of shoes what must be true?

a. Utility is held constant

b. The price of shoes changes

c. The prices of shoes and socks are held constant

d. Cannot be determined from the information

e. Income is held constant

3)

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