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Answer to Question #48862 in Microeconomics for dayo

Question #48862
how does s consumer react to the changes in both price and income of a normal and superior good in the likes of substitutability of both exported and imported goods.
Expert's answer
After the changes in both price of a normal good and income the consumer will buy the same amount of this good either both price and income increased or they decreased, because the proportion of his consumption will not change. 
But after the changes in both price of a superior good and income the consumer will buy more of this good, if the price and income increased and less of this good, if the price and income decreased, as for superior goods there is both income and substitution effects.

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