Is cigarette smoking a normal good or inferior good and why? Is it substitution effect or income

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Is cigarette smoking a normal good or inferior good and why? Is it substitution effect or income effect? Is cigarette smoking any diminishing margin rate?

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Question Posted: Aug 05, 2013 03:37 AM

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Is cigarette smoking a normal good or inferior good and why? Is it substitution effect or income

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Computation of the following A normal good is a good whose demand rises when price falls and vice ve...View the full answer

Intermediate Microeconomics

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