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RB, Inc, Is a Wholesaler Specializing in Dry Foods, Such as as Rice

Question 137

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RB, Inc., is a wholesaler specializing in dry foods, such as rice and dry beans. Its manager is troubled by a recent article in The Wall Street Journal that say a recession in imminent and that income will fall by 3 percent over the next year. What do you think is likely to happen to the price of the products RB, Inc., sells? Why?

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Beans and rice are probably inferior goo...

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