?

Microeconomics

Free Version

Upgrade subject to access all content

Moderate

Consumer Comparatives: What could be Sweater?

MICRO-G7IKV$

Consider the Engel curve below, which charts the number of sweaters a consumer demands against that consumer's income.

Looking at the graph, which of the following things is true?

A

This consumer will consume $Y$ units of sweaters.

B

This consumer will consume $X$ units of sweaters.

C

This consumer's income will be $X$.

D

Sweaters are a normal good.

E

Sweaters are an inferior good.

F

Sweaters are an inferior good when the consumer has less than $X$ in income, but a normal good when the consumer has more than $X$ in income.

G

Sweaters are a normal good when the consumer has less than $X$ in income, but an inferior good when the consumer has more than $X$ in income.