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    Principles of Economics Study Set 1
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    Exam 3: Supply and Demand
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    If the Demand for Steak Increases as Income Increases, Then
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If the Demand for Steak Increases as Income Increases, Then

Question 138

Question 138

Multiple Choice

If the demand for steak increases as income increases, then steak is a(n) :


A) complementary good.
B) normal good.
C) inferior good.
D) substitute good.

Correct Answer:

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