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Amisha's Engel Curve for Potato Chips Is I = 300C

Question 100

Multiple Choice

Amisha's Engel curve for potato chips is I = 300C, where I is weekly income and C measures the number of bags of potato chips. Amisha considers potato chips a(n) :


A) inferior good.
B) normal good.
C) inferior good at income levels above $60,000.
D) inferior good at income levels above $30,000.

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