Author Question: If movies are an inferior good, movie attendance will rise when consumer incomes fall. a. True b. ... (Read 105 times)

renzo156 · **on:** Jun 30, 2018

If movies are an inferior good, movie attendance will rise when consumer incomes fall.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If a vacation in Paris is a normal good, other things being equal, an increase in consumer income will increase the demand for travel to Paris.
a. True
b. False
Indicate whether the statement is true or false