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If the Price of a Good Increases,what Do Consumers Perceive,all

Question 139

Multiple Choice

If the price of a good increases,what do consumers perceive,all else being equal


A) an increase in purchasing power if the good is an inferior good
B) an increase in income if the price increase occurs for a normal good
C) a decrease in purchasing power
D) a net gain in income if they increase consumption of some goods

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