The effect of income on the demand for normal goods is such that
A) as the price of a normal good falls, people are likely to buy less of the good.
B) as the price of a good falls, people are likely to buy less of all normal goods.
C) as the price of a good falls, people are likely to buy more of all normal goods.
D) both A and C
Correct Answer:
Verified
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A)
