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The Figure Given Below Shows the Demand Curves for Five

Question 103

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1 -Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. This implies potatoes can be categorized as _____. A) complements B) substitutes C) inferior goods D) normal goods E) luxury goods
-Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. This implies potatoes can be categorized as _____.


A) complements
B) substitutes
C) inferior goods
D) normal goods
E) luxury goods

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