Use the following for questions 163-168.
Exhibit: Johnson's Income and Expenditures
Quantity Purchased per Month

-(Exhibit: Johnson's Income and Expenditures) For Johnson, magazines are a(n):
A) negative good.
B) inferior good.
C) normal good.
D) neutral good.

Question

Use the following for questions 163-168.
Exhibit: Johnson's Income and Expenditures
Quantity Purchased per Month
 
-(Exhibit: Johnson's Income and Expenditures) For Johnson, magazines are a(n):
A) negative good. 
B) inferior good. 
C) normal good. 
D) neutral good.

Quizplus · Accepted Answer

Johnson's demand for magazines increases as his income increases, indicating that magazines are a normal good for him.

Use the Following for Questions 163-168