If a consumer wants less of a good when his income rises, it is an inferior good.
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Q17: Indifference curves can be used to rank
Q18: The rate at which a consumer is
Q19: A consumer who chooses to consume at
Q20: When a consumer's consumption of one good
Q21: The marginal rate of substitution is also
Q23: Unless commodities are perfect complements or perfect
Q24: The point at which the indifference curve
Q25: Economists define utility as a measure of
Q26: It is plausible for the labour supply
Q27: Second-hand clothing is an example of a
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