If the economy goes into a recession and incomes fall, what happens in the markets for inferior

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If the economy goes into a recession and incomes fall, what happens in the markets for inferior goods?

a prices and quantities both rise b prices and quantities both fall c prices rise, quantities fall d prices fall, quantities rise

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Principles Of Microeconomics [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw

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Question Posted: Nov 02, 2024 04:00 AM

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If the economy goes into a recession and incomes fall, what happens in the markets for inferior

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Principles Of Microeconomics [Australia And New Zealand Edition]

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