Suppose income increases. then Question 10 options: a) demand increases for all goods b) supply increases for all goods c) demand increases for normal goods and decreases for inferior goods d) all of the above depending upon the circumstance
Suppose income increases. then Question 10 options: a) demand increases for all goods b) supply increases for all goods c) demand increases for normal goods and decreases for inferior goods d) all of the above depending upon the circumstance
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 3SQ
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Suppose income increases. then
Question 10 options:
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