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    Microeconomics Study Set 25
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    Exam 19: Factor Markets and the Distribution of Income
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    Which Statement Is TRUE
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Which Statement Is TRUE

Question 167

Question 167

Multiple Choice

Which statement is TRUE?


A) Leisure is usually a normal good.
B) Leisure is usually an inferior good.
C) All other things unchanged,an increase in income will decrease the demand for leisure.
D) The demand for leisure is perfectly inelastic.

Correct Answer:

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