Question
John consumes more of x1 as his income decreases, while Susan consumes less of x1 as her income decreases. a) X1 is a normal good
John consumes more of x1 as his income decreases, while Susan consumes less of x1 as her income decreases.
a) X1 is a normal good for John, but an inferior for Susan.
b) X1 is a Giffen good for John, but an inferior good for Susan.
c) X1 is an inferior good for John, but a normal good for Susan.
d) X1 is an inferior good for John, but a Giffen good for Susan.
ASAP.
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
