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    Foundations of Macroeconomics
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    Exam 5: Elasticities of Demand and Supply
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    People Eat at Restaurants Less Often When Their Incomes Fall
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People Eat at Restaurants Less Often When Their Incomes Fall

Question 207

Question 207

Multiple Choice

People eat at restaurants less often when their incomes fall because of a recession.Eating at restaurants must be


A) an inferior good.
B) a normal good.
C) a complement to other goods.
D) a substitute for other goods.
E) an inelastic good.

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