For a budget spent entirely on two goods, an increase in the price of one will...

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Question

For a budget spent entirely on two goods, an increase in the price of one will...

For a budget spent entirely on two goods, an increase in the price of one will necessarily decrease the
consumption of both if both goods are normal.

True or False: With the use of an appropriate diagram, explain your answer.

I know the answer is false but need an explanation why. thanks.

business economics

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Answer 1

Answer #1

N go Po>Anas Botg PROFudas Budyys MNO Lopen ctd udt A BG Subshihtre fpet B roc usn ect e AhoC lnenkors Lanumes msce fn A to A

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Answer 2

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Add Answer to: For a budget spent entirely on two goods, an increase in the price of one will...

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