When my income doubled, I started watching two movies in the theatre per week (instead of no movies, whic. was the case before). Movies are goods for me. (Select all that apply.) □ a. inferior b. necessary c. normal O d. luxury

When my income doubled, I started watching two movies in the theatre per week (instead of no movies, whic. was the case before). Movies are goods for me. (Select all that apply.) □ a. inferior b. necessary c. normal O d. luxury

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 13PA

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Concept explainers

Revealed Preferences and Budget Constraint Analysis

Revealed means “Let Out,” and Preference means “Choice”; Choice Reveals Preference.

Question

Principles of Microeconomics (A10)
y courses ECON 1150 A10 SUMMER 2022
□ a. inferior
When my income doubled, I started watching two movies in the theatre per week (instead of no movies, which
was the case before). Movies are
goods for me. (Select all that apply.)
b. necessary
c. normal
O d. luxury
Week 9
short answer
Exercise
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