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Figure 4.4 -Figure 4.4 Illustrates the Demand for Guitars.Assume Guitars Are an Are

Question 125

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Figure 4.4 -Figure 4.4 illustrates the demand for guitars.Assume guitars are an inferior good.An increase in income would bring about a movement from: A) point B to point C. B) point B to point A. C) D<sub>1</sub> to D<sub>0</sub>. D) D<sub>1</sub> to D<sub>2</sub>. Figure 4.4
-Figure 4.4 illustrates the demand for guitars.Assume guitars are an inferior good.An increase in income would bring about a movement from:


A) point B to point C.
B) point B to point A.
C) D1 to D0.
D) D1 to D2.

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