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  3. Study Set
    Economics for Business
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    Exam 6: Demand and the Consumer
  5. Question
    If We Have an Inferior Good and Its Price Decreased
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If We Have an Inferior Good and Its Price Decreased

Question 17

Question 17

True/False

If we have an inferior good and its price decreased, other things being equal, the quantity demanded of that good could fall if the substitution effect dominates the income effect.

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