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Question 8 (6 points) Suppose that the following utility function is given U(X, Y) - X1/?Y. Which of the following is correct? Yis a good

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Question 8 (6 points) Suppose that the following utility function is given U(X, Y) - X1/?Y. Which of the following is correct? Yis a good and X is a bad and indifference curve is positively sloped. Both X and Y are goods and indifference curve is negatively sloped. O Both X and Y are bads and indifference curve is negatively sloped. X is a good and Y is a bad and indifference curve is negatively sloped

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