Answer to Question #328333 in Microeconomics for Ria

Question #328333

A person's salary increases from E5000 a month to E7000 a month. As a result of this change in salary his consumption of good X decreases from 20 units per month to 15 units per month while the consumption of good Y increases from 15 units per month to 20 units per month. Give the appropriate comment?

Expert's answer

X good is a inferior product

Y good is a normal product

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