1.16. For each of the following goods, state whether it is a normal good, a luxury, a...

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1.16. For each of the following goods, state whether it is a normal good, a luxury, a necessity, or an inferior good. Explain your answers. (LO6-4)

a. Vodka.

d. Perfume.

b. Table salt.

e. Beer.

c. Furniture.

f. Sugar.

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Economics

ISBN: 9781259193156

10th Edition

Authors: David Colander

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