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6 February, 17:43

Suppose lisa spends all of her money on books and bagels, and a bagel is an inferior good for her. when the price of coffee increases, the

a. consumption of coffee will rise.

b. consumption of coffee will fall.

c. consumption of coffee will not change.

d. not enough information.

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Answers (1)
  1. 6 February, 17:46
    0
    D,

    We don’t even know whether Lisa likes coffee or not.

    If she does like coffee, and it is a normal good, the consumption would ineluctably increase.
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Home » Business » Suppose lisa spends all of her money on books and bagels, and a bagel is an inferior good for her. when the price of coffee increases, the a. consumption of coffee will rise. b. consumption of coffee will fall. c.
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