Peter's income increases and the prices of pop and movies don't change. If Peter buys more of both movies and pop, but he increases pop by less than he increases movies, which of the following statements is correct for Peter?

Question

Answer

Movies and pop are both normal goods.

Answer

A movie is an inferior good; pop is a normal good.

Answer

A movie is a normal good; pop is an inferior good.

Answer

A movie is an inferior good; pop is an inferior good.

Answer

A movie is a normal good; we cannot tell whether pop is a normal good or an inferior good.

Crowdly

Peter's income increases and the prices of pop and movies don't change. If Peter...

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