Question: DONT EXPLAIN, JUST TYPE LETTER ONLY, PLEASE CORRECT ANSWER When Mo's income went up by 50%, all else equal, he increased the number of times
DONT EXPLAIN, JUST TYPE LETTER ONLY, PLEASE CORRECT ANSWER
When Mo's income went up by 50%, all else equal, he increased the number of times he goes to the ballet each year by 20%. For Mo, the ballet must be:
a.
a normal good that is neither a necessity or a luxury.
b.
an inferior good.
c.
a necessity.
d.
a luxury.
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