Multiple Choice
The table below shows the quantities of automobiles,margarine,and coffee purchased by Ted at different levels of income. Table 5.2
- Based on the information given in Table 5.2,coffee would be considered:
A) an inferior good.
B) a necessity.
C) a normal good.
D) a negative good.
E) a luxury good.
Correct Answer:

Verified
Correct Answer:
Verified
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