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  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 3: Demand, Supply, and Market Equilibrium
  5. Question
    A Good Whose Demand Is Inversely Related to Income Is
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A Good Whose Demand Is Inversely Related to Income Is

Question 49

Question 49

Multiple Choice

A good whose demand is inversely related to income is a(n)


A) normal good.
B) inferior good.
C) regular good.
D) new good.

Correct Answer:

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