00:01
The solution for this question here, if y is an inferior good, y is an inferior good, it means that as consumer income increases, it means as consumer income increases and demand for y and demand for y decreases and demand for y decreases.
00:31
So from the choices provided that is a, decreasing the demand for y, decreasing the demand for y is a possible outcome since y is an inferior good, since y is an inferior, inferior good and as income rises, consumers are likely to shift away from y, consumers are likely to shift away from y.
01:06
The second option that is b option, decreasing the demand for x, decreasing the demand for x is not necessarily associated with an increase in consumer income.
01:24
In fact, if y is a normal good, the demand for y might remain stable or even increase with higher income.
01:30
The third option that is c option, that is increase the demand for x, increase the demand for, demand for x is a plausible outcome if x is a normal good and the increase in income leads to higher demand for goods...