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If a Good or Service Is Labeled Normal,then

Question 94

Multiple Choice

If a good or service is labeled normal,then


A) as income falls,demand for the item increases.
B) as income rises,the quantity demanded of the item decreases.
C) as income rises,the quantity demanded of the item increases.
D) as income rises,demand for the item increases.
E) as income falls,the quantity demanded of the item increases.

Correct Answer:

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