Use the following to answer questions:
Figure: Income and Leisure Opportunities
-(Figure: Income and Leisure Opportunities) Given Keisha's preferences and opportunities for income and leisure shown in the figure Income and Leisure Opportunities, Keisha sees leisure as:
A) a normal good.
B) an inferior good.
C) a complement to working.
D) The answer is impossible to determine with the information given.

Question

Use the following to answer questions:
Figure: Income and Leisure Opportunities 
-(Figure: Income and Leisure Opportunities) Given Keisha's preferences and opportunities for income and leisure shown in the figure Income and Leisure Opportunities, Keisha sees leisure as:
A) a normal good. 
B) an inferior good. 
C) a complement to working. 
D) The answer is impossible to determine with the information given.

Quizplus · Accepted Answer

Leisure is considered a normal good if an increase in income leads to an increase in the consumption of leisure. Given Keisha's preferences and opportunities, if she chooses more leisure as her income increases, it indicates that she views leisure as a normal good.

Use the Following to Answer Questions