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-The Above Figure Shows Larry's Indifference Map and Budget Lines

Question 61

Multiple Choice

-The above figure shows Larry's indifference map and budget lines for ham and pork.Which of the following statements is TRUE?

A) Pork is an inferior good.
B) Ham is an inferior good.
C) Neither pork nor ham is an inferior good.
D) Both ham and pork are inferior goods.

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