Multiple Choice
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
-If the demand for beans tends to decline as incomes rise, everything else held constant, beans are _____.
A) luxury goods
B) normal goods
C) price sensitive
D) not price sensitive
E) inferior goods
Correct Answer:

Verified
Correct Answer:
Verified
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