A. Assume that in a typical year, a teenager purchases 100song-downloads and buys 80 cheese pizzas s
A. Assume that in a typical year, a teenager purchases 100song-downloads and buys 80 cheese pizzas subject to a given annualallowance. With the theory of consumer behavior, if cheese pizza isan inferior good, graphically illustrate (manually (hand)drawn graph/diagram) and carefully explain why a teenagerwould prefer a $50 cash gift over a $50 gift certificate at a localpizza store. B. In this case, explain why the local pizza store’s managerwould prefer in-store gift certificates over cash redeemable giftcertificates? . . .

