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The graph illustrates the demand for peanuts. Peanuts are a normal good because the

malry187

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The graph illustrates the demand for peanuts. Peanuts are a normal good because the

The graph illustrates the demand for peanuts. Peanuts are a normal good because the
A) demand curve for peanuts slopes downward.
B) demand for peanuts increases when income increases.
C) demand for peanuts increases when the price of one of its substitutes rises.
D) peanuts have both substitutes and complements.
E) demand curve shows that if the price of peanuts rises, there is a movement along the demand curve to a lower quantity demanded.

Textbook

Foundations of Macroeconomics

Edition: 8^th

Authors: Bade, Parkin

Read 61 times

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More solutions for this book are available here

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malry187 Author

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I'm still confused, but thanks for answering correctly

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