6. Bijou, whose pronouns are they/them/theirs, spends their entire income on two goods, X and Y, and has standard-lookin

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6 Bijou Whose Pronouns Are They Them Theirs Spends Their Entire Income On Two Goods X And Y And Has Standard Lookin 1 (45.84 KiB) Viewed 30 times

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6. Bijou, whose pronouns are they/them/theirs, spends their entire income on two goods, X and Y, and has standard-looking" indifference curves. When the price of X doubles while their income and the price of Y stay unchanged, they consume less X but more Y. Given this information, which of the following statements cannot possibly be true? a) Y is an inferior good. b) X is an inferior good. c) The substitution effect dominates the income effect for Y. d) The income effect dominates the substitution effect for Y. e) They consume more X and more Y on the substitution effect.