As income rises, the quantity demanded of good C increases. The demand for good C increases (Figure

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As income rises, the quantity demanded of good C increases. The demand for good C increases (Figure 2 ).

demand = Percentage A ÷ Percentage increase demand = 5 ÷ 10

demand = Percentage C ÷ Percentage increase demand = 1 ÷ 5

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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