SlideShare a Scribd company logo
1 of 1
Download to read offline
Consider this graph of a successful utility maximizing consumer. Suppose there are two goods, X
and Y. The original bundle consumed is C. Suppose the price of good X increases while income
and the price of good Y remain constant. From the graph we can tell that: A. X is an inferior good
B. X is a normal good C. X is a Giffen good D. Y is a Giffen good

More Related Content

More from abhitravel01

The characteristics of a liability include Group of answe.pdf
The characteristics of a liability include   Group of answe.pdfThe characteristics of a liability include   Group of answe.pdf
The characteristics of a liability include Group of answe.pdfabhitravel01
 
T F 1 A project is a set of activities onetime something.pdf
T F 1 A project is a set of activities onetime something.pdfT F 1 A project is a set of activities onetime something.pdf
T F 1 A project is a set of activities onetime something.pdfabhitravel01
 
subsequent days 500 day What is the total cost of the pro.pdf
subsequent days 500 day What is the total cost of the pro.pdfsubsequent days 500 day What is the total cost of the pro.pdf
subsequent days 500 day What is the total cost of the pro.pdfabhitravel01
 
qs1 1 Let X1Xn be a random sample from a distribution wi.pdf
qs1 1 Let X1Xn be a random sample from a distribution wi.pdfqs1 1 Let X1Xn be a random sample from a distribution wi.pdf
qs1 1 Let X1Xn be a random sample from a distribution wi.pdfabhitravel01
 
Q1 Using the table below answer the following questions D.pdf
Q1 Using the table below answer the following questions D.pdfQ1 Using the table below answer the following questions D.pdf
Q1 Using the table below answer the following questions D.pdfabhitravel01
 
If X is a continuous random variable with probability densit.pdf
If X is a continuous random variable with probability densit.pdfIf X is a continuous random variable with probability densit.pdf
If X is a continuous random variable with probability densit.pdfabhitravel01
 
Pozisyon Analizi Anketinin PAQ bir avantaj udur PAQ ara.pdf
Pozisyon Analizi Anketinin PAQ bir avantaj udur   PAQ ara.pdfPozisyon Analizi Anketinin PAQ bir avantaj udur   PAQ ara.pdf
Pozisyon Analizi Anketinin PAQ bir avantaj udur PAQ ara.pdfabhitravel01
 
Mr Hollywood opened a health food consulting business on Oc.pdf
Mr Hollywood opened a health food consulting business on Oc.pdfMr Hollywood opened a health food consulting business on Oc.pdf
Mr Hollywood opened a health food consulting business on Oc.pdfabhitravel01
 
Metaphase Anaphase Telophase Multiple Choice Answers 4.pdf
Metaphase Anaphase Telophase Multiple Choice Answers 4.pdfMetaphase Anaphase Telophase Multiple Choice Answers 4.pdf
Metaphase Anaphase Telophase Multiple Choice Answers 4.pdfabhitravel01
 
mitosis and division cytoplasm a functions in sexual reprodu.pdf
mitosis and division cytoplasm a functions in sexual reprodu.pdfmitosis and division cytoplasm a functions in sexual reprodu.pdf
mitosis and division cytoplasm a functions in sexual reprodu.pdfabhitravel01
 
Ltfen aadaki makaleyi kendi kelimelerinizle zetleyin intih.pdf
Ltfen aadaki makaleyi kendi kelimelerinizle zetleyin intih.pdfLtfen aadaki makaleyi kendi kelimelerinizle zetleyin intih.pdf
Ltfen aadaki makaleyi kendi kelimelerinizle zetleyin intih.pdfabhitravel01
 
Makale Bulgular Her bir makalenin bulgular nelerdir ve sz .pdf
Makale Bulgular  Her bir makalenin bulgular nelerdir ve sz .pdfMakale Bulgular  Her bir makalenin bulgular nelerdir ve sz .pdf
Makale Bulgular Her bir makalenin bulgular nelerdir ve sz .pdfabhitravel01
 
List and decribe the 5 components of emotional intelligence.pdf
List and decribe the 5 components of emotional intelligence.pdfList and decribe the 5 components of emotional intelligence.pdf
List and decribe the 5 components of emotional intelligence.pdfabhitravel01
 
In the pepsin pathway if there was a large buildup of peps.pdf
In the pepsin pathway if there was a large buildup of peps.pdfIn the pepsin pathway if there was a large buildup of peps.pdf
In the pepsin pathway if there was a large buildup of peps.pdfabhitravel01
 
Given the following Balance Sheets and the Income Statement .pdf
Given the following Balance Sheets and the Income Statement .pdfGiven the following Balance Sheets and the Income Statement .pdf
Given the following Balance Sheets and the Income Statement .pdfabhitravel01
 
Imagine that you are a contestant on the classic television .pdf
Imagine that you are a contestant on the classic television .pdfImagine that you are a contestant on the classic television .pdf
Imagine that you are a contestant on the classic television .pdfabhitravel01
 
Jerry tiene una utilidad dada por u x 1 x 2 3x 1 +5x 2.pdf
Jerry tiene una utilidad dada por u x 1 x 2   3x 1 +5x 2.pdfJerry tiene una utilidad dada por u x 1 x 2   3x 1 +5x 2.pdf
Jerry tiene una utilidad dada por u x 1 x 2 3x 1 +5x 2.pdfabhitravel01
 
I NEED HELP DCOM 224 IAM is used to identify and authen.pdf
I NEED HELP DCOM 224   IAM is used to identify and authen.pdfI NEED HELP DCOM 224   IAM is used to identify and authen.pdf
I NEED HELP DCOM 224 IAM is used to identify and authen.pdfabhitravel01
 
gwp1p1pmax0ypxpTw.pdf
gwp1p1pmax0ypxpTw.pdfgwp1p1pmax0ypxpTw.pdf
gwp1p1pmax0ypxpTw.pdfabhitravel01
 
Gibsal Suaneis Practices Clepter 5 iocaripe Thery are con.pdf
Gibsal Suaneis Practices  Clepter 5 iocaripe Thery are con.pdfGibsal Suaneis Practices  Clepter 5 iocaripe Thery are con.pdf
Gibsal Suaneis Practices Clepter 5 iocaripe Thery are con.pdfabhitravel01
 

More from abhitravel01 (20)

The characteristics of a liability include Group of answe.pdf
The characteristics of a liability include   Group of answe.pdfThe characteristics of a liability include   Group of answe.pdf
The characteristics of a liability include Group of answe.pdf
 
T F 1 A project is a set of activities onetime something.pdf
T F 1 A project is a set of activities onetime something.pdfT F 1 A project is a set of activities onetime something.pdf
T F 1 A project is a set of activities onetime something.pdf
 
subsequent days 500 day What is the total cost of the pro.pdf
subsequent days 500 day What is the total cost of the pro.pdfsubsequent days 500 day What is the total cost of the pro.pdf
subsequent days 500 day What is the total cost of the pro.pdf
 
qs1 1 Let X1Xn be a random sample from a distribution wi.pdf
qs1 1 Let X1Xn be a random sample from a distribution wi.pdfqs1 1 Let X1Xn be a random sample from a distribution wi.pdf
qs1 1 Let X1Xn be a random sample from a distribution wi.pdf
 
Q1 Using the table below answer the following questions D.pdf
Q1 Using the table below answer the following questions D.pdfQ1 Using the table below answer the following questions D.pdf
Q1 Using the table below answer the following questions D.pdf
 
If X is a continuous random variable with probability densit.pdf
If X is a continuous random variable with probability densit.pdfIf X is a continuous random variable with probability densit.pdf
If X is a continuous random variable with probability densit.pdf
 
Pozisyon Analizi Anketinin PAQ bir avantaj udur PAQ ara.pdf
Pozisyon Analizi Anketinin PAQ bir avantaj udur   PAQ ara.pdfPozisyon Analizi Anketinin PAQ bir avantaj udur   PAQ ara.pdf
Pozisyon Analizi Anketinin PAQ bir avantaj udur PAQ ara.pdf
 
Mr Hollywood opened a health food consulting business on Oc.pdf
Mr Hollywood opened a health food consulting business on Oc.pdfMr Hollywood opened a health food consulting business on Oc.pdf
Mr Hollywood opened a health food consulting business on Oc.pdf
 
Metaphase Anaphase Telophase Multiple Choice Answers 4.pdf
Metaphase Anaphase Telophase Multiple Choice Answers 4.pdfMetaphase Anaphase Telophase Multiple Choice Answers 4.pdf
Metaphase Anaphase Telophase Multiple Choice Answers 4.pdf
 
mitosis and division cytoplasm a functions in sexual reprodu.pdf
mitosis and division cytoplasm a functions in sexual reprodu.pdfmitosis and division cytoplasm a functions in sexual reprodu.pdf
mitosis and division cytoplasm a functions in sexual reprodu.pdf
 
Ltfen aadaki makaleyi kendi kelimelerinizle zetleyin intih.pdf
Ltfen aadaki makaleyi kendi kelimelerinizle zetleyin intih.pdfLtfen aadaki makaleyi kendi kelimelerinizle zetleyin intih.pdf
Ltfen aadaki makaleyi kendi kelimelerinizle zetleyin intih.pdf
 
Makale Bulgular Her bir makalenin bulgular nelerdir ve sz .pdf
Makale Bulgular  Her bir makalenin bulgular nelerdir ve sz .pdfMakale Bulgular  Her bir makalenin bulgular nelerdir ve sz .pdf
Makale Bulgular Her bir makalenin bulgular nelerdir ve sz .pdf
 
List and decribe the 5 components of emotional intelligence.pdf
List and decribe the 5 components of emotional intelligence.pdfList and decribe the 5 components of emotional intelligence.pdf
List and decribe the 5 components of emotional intelligence.pdf
 
In the pepsin pathway if there was a large buildup of peps.pdf
In the pepsin pathway if there was a large buildup of peps.pdfIn the pepsin pathway if there was a large buildup of peps.pdf
In the pepsin pathway if there was a large buildup of peps.pdf
 
Given the following Balance Sheets and the Income Statement .pdf
Given the following Balance Sheets and the Income Statement .pdfGiven the following Balance Sheets and the Income Statement .pdf
Given the following Balance Sheets and the Income Statement .pdf
 
Imagine that you are a contestant on the classic television .pdf
Imagine that you are a contestant on the classic television .pdfImagine that you are a contestant on the classic television .pdf
Imagine that you are a contestant on the classic television .pdf
 
Jerry tiene una utilidad dada por u x 1 x 2 3x 1 +5x 2.pdf
Jerry tiene una utilidad dada por u x 1 x 2   3x 1 +5x 2.pdfJerry tiene una utilidad dada por u x 1 x 2   3x 1 +5x 2.pdf
Jerry tiene una utilidad dada por u x 1 x 2 3x 1 +5x 2.pdf
 
I NEED HELP DCOM 224 IAM is used to identify and authen.pdf
I NEED HELP DCOM 224   IAM is used to identify and authen.pdfI NEED HELP DCOM 224   IAM is used to identify and authen.pdf
I NEED HELP DCOM 224 IAM is used to identify and authen.pdf
 
gwp1p1pmax0ypxpTw.pdf
gwp1p1pmax0ypxpTw.pdfgwp1p1pmax0ypxpTw.pdf
gwp1p1pmax0ypxpTw.pdf
 
Gibsal Suaneis Practices Clepter 5 iocaripe Thery are con.pdf
Gibsal Suaneis Practices  Clepter 5 iocaripe Thery are con.pdfGibsal Suaneis Practices  Clepter 5 iocaripe Thery are con.pdf
Gibsal Suaneis Practices Clepter 5 iocaripe Thery are con.pdf
 

Recently uploaded

BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...Sapna Thakur
 
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...Pooja Nehwal
 
JAPAN: ORGANISATION OF PMDA, PHARMACEUTICAL LAWS & REGULATIONS, TYPES OF REGI...
JAPAN: ORGANISATION OF PMDA, PHARMACEUTICAL LAWS & REGULATIONS, TYPES OF REGI...JAPAN: ORGANISATION OF PMDA, PHARMACEUTICAL LAWS & REGULATIONS, TYPES OF REGI...
JAPAN: ORGANISATION OF PMDA, PHARMACEUTICAL LAWS & REGULATIONS, TYPES OF REGI...anjaliyadav012327
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...EduSkills OECD
 
Disha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdfDisha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdfchloefrazer622
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
Student login on Anyboli platform.helpin
Student login on Anyboli platform.helpinStudent login on Anyboli platform.helpin
Student login on Anyboli platform.helpinRaunakKeshri1
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphThiyagu K
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationnomboosow
 
social pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajansocial pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajanpragatimahajan3
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Disha Kariya
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdfSoniaTolstoy
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3JemimahLaneBuaron
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsTechSoup
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104misteraugie
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docxPoojaSen20
 

Recently uploaded (20)

BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
 
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...
 
JAPAN: ORGANISATION OF PMDA, PHARMACEUTICAL LAWS & REGULATIONS, TYPES OF REGI...
JAPAN: ORGANISATION OF PMDA, PHARMACEUTICAL LAWS & REGULATIONS, TYPES OF REGI...JAPAN: ORGANISATION OF PMDA, PHARMACEUTICAL LAWS & REGULATIONS, TYPES OF REGI...
JAPAN: ORGANISATION OF PMDA, PHARMACEUTICAL LAWS & REGULATIONS, TYPES OF REGI...
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
Disha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdfDisha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdf
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Student login on Anyboli platform.helpin
Student login on Anyboli platform.helpinStudent login on Anyboli platform.helpin
Student login on Anyboli platform.helpin
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communication
 
social pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajansocial pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajan
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
Advance Mobile Application Development class 07
Advance Mobile Application Development class 07Advance Mobile Application Development class 07
Advance Mobile Application Development class 07
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docx
 

Consider this graph of a successful utility maximizing consu.pdf

  • 1. Consider this graph of a successful utility maximizing consumer. Suppose there are two goods, X and Y. The original bundle consumed is C. Suppose the price of good X increases while income and the price of good Y remain constant. From the graph we can tell that: A. X is an inferior good B. X is a normal good C. X is a Giffen good D. Y is a Giffen good