Study guides, Class notes & Summaries

ECON 1002 Microeconomics Unit 2 Milestone Click below link for Answer 1 Determine which statement below applies when income goes down. • Consumer preference for inferior goods decreases. • Consumer preference for normal goods increases. • The indifference curve shifts to the right. • The indifference curve shifts downward and to the left. Budget Constraints: Change in Income 2 Last month, Robert’s in...