Alisha lives in Nepal and consumes only rice and lentils. Her demand for rice is (m-p l )/(2p r ), where p l and p r are the prices of lentils and rice per pack, respectively, and m is income. Which of the following statements is true?

Question

Alisha lives in Nepal and consumes only rice and lentils. Her demand for rice is (m-p l )/(2p r ), where p l  and p r   are the prices of lentils and rice per pack, respectively, and m is income. Which of the following statements is true?

Accepted Answer

Rice is a normal good and a gross complement of lentils for Alisha.

Answer

Rice is an inferior good and a gross substitute of lentils for Alisha.

Answer

Rice is a Giffen and inferior good.

Answer

Rice is an inferior good and a gross complement of lentils for Alisha.

Answer

Rice is a normal good and a gross substitute of lentils for Alisha.

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Alisha lives in Nepal and consumes only rice and lentils. Her demand for rice is...

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