Multiple Choice
(Figure: Books and Paintings I) Which of the following statements is TRUE? 
A) Books are an inferior good at income levels greater than those associated with bundle B.
B) Books are an inferior good at income levels greater than those associated with bundle C.
C) Both books and paintings are normal goods up to the income level corresponding to bundle D.
D) Paintings are an inferior good at income levels higher than those associated with these bundles.
Correct Answer:
Verified
Correct Answer:
Verified
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