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Max Is Shopping for a New Winter Jacket

Question 73

Multiple Choice

Max is shopping for a new winter jacket.The salesperson explains that two coats have identical features-the Columbia jacket that costs $120,and the Burton jacket that costs $300.Max buys the Burton jacket.Burton jackets may be a good example of:


A) a normal good.
B) an inferior good.
C) a Veblen good.
D) a Giffen good.

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