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studymite studymite
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4 years ago
Dino spends his income on two goods, cigars and peppermints. He considers both goods to be normal goods. If Dino's income decreases and the prices of the two goods remain constant, he will purchase:

▸ fewer cigars and fewer peppermints.

▸ fewer cigars and more peppermints.

▸ more cigars and more peppermints.

▸ more cigars and fewer peppermints.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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vande746vande746
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4 years ago
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studymite Author
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Brilliant ツ
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