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sinerus sinerus
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6 years ago
A good is said to be "inferior" if
A) it is of low quality.
B) it has many substitutes.
C) it has a negative income elasticity of demand.
D) consumers buy less of it at a high price.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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6 years ago
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