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Good X is a normal good. If the average income of those who buy good X rises, the _____________ ...

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Good X is a normal good. If the average income of those who buy good X rises, the _____________ ...

Good X is a normal good. If the average income of those who buy good X rises, the _____________ curve for good X will shift ____________ resulting in a(n) _____________ in the equilibrium price of X and a(n) ____________ in the equilibrium quantity of X.

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supply; rightward; decrease; increase.

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demand; leftward; decrease; decrease

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demand; rightward; increase; increase

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supply; leftward; increase; decrease

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supply; leftward; increase; increase

Textbook

Economics

Edition: 12^th

Author: Arnold

Read 49 times

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