Table 43 Grovers Oscars Price Quantity Quantity Quantity Qua

Table 4-3 Grover\'s Oscar\'s Price Quantity Quantity Quantity Quantity Bert\'s Ernie\'s Demanded Demanded DemandedDemanded 16 50.00 ?? 0.50 18 1.00 14 S1.5012 12 10 $2.00 2.50 Refer to Table 4-3. For whom is the good a normal good? Bert only Grover only Bert, Ernie, Grover, and Oscar This cannot be determined from the table. Saved Save e to search

Solution

The correc answer is D. To know whether a good is a normal good, we need income data which is not given here. The correct answer is D.

 Table 4-3 Grover\'s Oscar\'s Price Quantity Quantity Quantity Quantity Bert\'s Ernie\'s Demanded Demanded DemandedDemanded 16 50.00 ?? 0.50 18 1.00 14 S1.5012

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