As John's income has increased, he has purchased fewer hamburgers. Hamburgers are

Name: As John's income has increased, he has purchased fewer hamburgers. Hamburgers are
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Question

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When John's income increases, he is likely to switch to consuming relatively more expensive foods, such as steak or chicken. Since he purchases fewer hamburgers as his income increases, hamburgers are an inferior good for John.

As John's Income Has Increased, He Has Purchased Fewer Hamburgers