Question: Using the graph, determine the type of good X. The price increases from Po to P1 . The substitution effect Good X is illustrated by

Using the graph, determine the type of good X. The price increases from Po to P1 . The substitution effect Good X is illustrated by the change in quantity demanded from A to B; the income effect is illustrated by the change in quantity demanded from B to C. Good X is certainly a(n) P1 good. O A. luxury ...........mmm....".."..m O B. Giffen Price O C. inferior O D. necessity Po ... ..|. ....f O E. normal D Quar B C A Clear all Final check

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