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    Principles of Economics Study Set 12
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    Exam 3: The Supply and Demand Model
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    If Incomes Increase, Then the ____ in the Market for Luxury
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If Incomes Increase, Then the ____ in the Market for Luxury

Question 60

Question 60

Multiple Choice

If incomes increase, then the ____ in the market for luxury cars as normal goods ____.


A) supply; decreases
B) supply; increases
C) demand; increases
D) demand; decreases
E) both supply and demand; increase

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