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Consider the Following Events and Explain Whether You Think the Good

Question 185

Essay

Consider the following events and explain whether you think the good is normal or inferior.
a. economic growth in China leads to higher incomes and increased imports of alligator shoes
b. John graduates from university, gets a job as an analyst and stops buying two-minute noodles
c. a married couple buys less wine after the wife leaves the workforce to raise a family

Correct Answer:

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a. As incomes have increased and quantit...

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