ph16
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Examples of ey<br />
· normal goods, [0 < ey < 1 ], (between 0 and 1)<br />
· coffee, beef, Coca-Cola, food, Physicians’<br />
services, hamburgers, . . .<br />
· Superior goods, [ ey > 1], (greater than 1)<br />
· movie tickets, foreign travel, wine, new cars, . . .<br />
· Inferior goods, [ey < 0], (negative)<br />
· flour, lard, beans, rolled oats, . . .<br />
Fall '97 www.elearnuganda.net Slide 35
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