Question: Using the graph, determine the type of good X. The price increases from Upper P 0 to Upper P 1. The substitution effect is illustrated

Using the graph, determine the type of good X. The price increases from Upper P 0 to Upper P 1. The substitution effect is illustrated by the change in quantity demanded from A to B; the income effect is illustrated by the change in quantity demanded from c to b. Good X is certainly a(n) ________ good. Part 2 A. Giffen B.inferior inferior C. luxury D.normal normal E. necessity

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