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Please help me, I don't understand. Thank you s/444360/quizzes/1099511/take D Question 14 1 pts Steak is a normal good and hamburger is an inferior good.

Please help me, I don't understand. Thank you

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s/444360/quizzes/1099511/take D Question 14 1 pts Steak is a normal good and hamburger is an inferior good. The economy goes into a recession during which people's income fall. As a result, the price of steak and the price of hamburger _ _ _-. rises; rises O rises; falls falls; rises falls; falls Question 15 1 pts For a natural monopoly to make only a normal profit, its price must O equal its average total cost, ATC. O equal its marginal cost, MC. O equal its average variable cost, AVC. O be set from the demand curve at the quantity where MR = MC

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