Suppose Lisa spends her money on coffee and bagels, and a bagel is an inferior good for her. When the price of coffee increases, the…a. Consumption of coffee will fallb. Consumption of coffee will risec. Consumption of coffee will not changed. No enough informationScott consumers only two goods, rice and soup. When the price of rice falls, he buy more rice and more soup. Based on this information, we can say that…a. rice is necessarily a normal goodb. rice is necessarily an inferior goodc. soup is necessarily a normal goodd. soup is necessarily an inferior goode. none of the aboveI think the first one is d and and the second one is a but I’m not sure at all and would really appreciate an explanation on how to do them. Thank you!
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