Charlie buys only milk and cereal. Milk is a normal good, while cereal is an inferior good.
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Charlie buys only milk and cereal. Milk is a normal good, while cereal is an inferior good. When the price of milk rises, Charlie buys a less of both goods.
b more milk and less cereal.
c less milk and more cereal.
d less milk, but the impact on cereal is ambiguous.
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