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Consider Figure 2 1 - 1 0 where the consumer consumes butter and jam. Note that income increases, the budget line shifts in a parallel
Consider Figure where the consumer consumes butter and jam. Note that income increases, the budget line shifts in a parallel fashion and consumption moves from point A to point B What types of goods are butter and jam? Normal goods Inferior goods Perfect substitutes Giffen goods Page of 
Consider Figure where the consumer consumes butter and jam. Note that income increases, the budget line shifts in a parallel fashion and consumption moves from point A to point B What types of goods are butter and jam?
Normal goods
Inferior goods
Perfect substitutes
Giffen goods
Page of
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