Question: Using the consumer choice model, start from a consumer optimum position.Show what happens when the price of hamburger is increased when hamburgers are a normal

Using the consumer choice model, start from a consumer optimum position.Show what happens when the price of hamburger is increased when hamburgers are a normal good and when they are inferior goods.

Observing the difference between the budget constraint when the hamburger is a normal good and when the hamburger is an inferior good, what can you conclude about the slope of the Price Consumption Curve between normal goods and inferior goods?

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