Homework answers / question archive / Task 4 For each of the following statements, state whether it is true or false

Task 4 For each of the following statements, state whether it is true or false

Economics

Share With

Task 4 For each of the following statements, state whether it is true or false. The answers must be substantiated. A) If a commodity is a poisonous good for a consumer, then it is also an inferior good for that consumer B) If the price of all goods increases by 10% for a consumer while his budget is unchanged, then his demand for each item decreases by 10% C) If the price of all goods increases by 10% for a consumer and his budget also increases by 10% then his demand for each item is unchanged