Question
Cerrine earns a monthly salary of Php15,000 and she consumes Php 2,000 worth of chicken per month.When her income increased by Php 5,000 per month,
Cerrine earns a monthly salary of Php15,000 and she consumes Php 2,000 worth of chicken per month.When her income increased by Php 5,000 per month, she started to consume Php4,000 worth of chicken meat a month.Is Cerrine's demand for chicked meat normal, inferior, necessity or luxury?
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
