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Tags
#4-3-the-investment-opportunity-set #cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-5-consumer-equilibrium #study-session-4

Question

Suppose that bread is an inferior good for a particular consumer, whereas wine is a normal good. Exhibit 13 shows this consumer’s purchase behavior when income increases. As income rises, the consumer purchases less [...] but [...]

Answer
bread

more wine.

Tags
#4-3-the-investment-opportunity-set #cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-5-consumer-equilibrium #study-session-4

Question

Suppose that bread is an inferior good for a particular consumer, whereas wine is a normal good. Exhibit 13 shows this consumer’s purchase behavior when income increases. As income rises, the consumer purchases less [...] but [...]

Answer
?

Tags
#4-3-the-investment-opportunity-set #cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-5-consumer-equilibrium #study-session-4

Question

Suppose that bread is an inferior good for a particular consumer, whereas wine is a normal good. Exhibit 13 shows this consumer’s purchase behavior when income increases. As income rises, the consumer purchases less [...] but [...]

Answer
bread

more wine.

Summary

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Details

No repetitions


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