Assume income increases/decreases. Graph the outcomes in the following cases: A. X is normal, Y is...

Assume income increases/decreases. Graph the outcomes in the following cases:

A. X is normal, Y is normal.
B. X is inferior, Y is normal.
C. X is normal, Y is inferior.
D. Prove that X and Y cannot both be inferior. Assuming income increases, which axiom would be violated?

Expert Solution

Rahul Sunny answered 2 years ago

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