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QUESTION 18 When John went grocery shopping last week he bought 10 units of good A when the price of good B was $5. This week Eric purchased 16 units of good A when the price of good B was $8. Assuming all other factors are constant, what can we conclude about good A? Good A is a normal good Good A is an inferior good Demand for Good A is inelastic Demand for Good A is unit-elastic Demand for Good A is elastic Good A is a substitute for good B Good A is a complement to good B Good A is a giffen good QUESTION 19 All other things equal, the demand for a good tends to be more inelastic, the more substitutes that are available' longer the time period considered

          QUESTION 18
When John went grocery shopping last week he bought 10 units of good A when the price of good B was $5. This
week Eric purchased 16 units of good A when the price of good B was $8. Assuming all other factors are constant,
what can we conclude about good A?
Good A is a normal good
Good A is an inferior good
Demand for Good A is inelastic
Demand for Good A is unit-elastic
Demand for Good A is elastic
Good A is a substitute for good B
Good A is a complement to good B
Good A is a giffen good
QUESTION 19
All other things equal, the demand for a good tends to be more inelastic, the
more substitutes that are available'
longer the time period considered

QUESTION 18
When John went grocery shopping last week he bought 10 units of good A when the price of good B was 5. This
week Eric purchased 16 units of good A when the price of good B was8. Assuming all other factors are constant,
what can we conclude about good A?
Good A is a normal good
Good A is an inferior good
Demand for Good A is inelastic
Demand for Good A is unit-elastic
Demand for Good A is elastic
Good A is a substitute for good B
Good A is a complement to good B
Good A is a giffen good
QUESTION 19
All other things equal, the demand for a good tends to be more inelastic, the
more substitutes that are available'
longer the time period considered

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