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3. If household income in the GCC has decreased 18% over the past year, and new car sales in the region have decreased from 1.1

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3. If household income in the GCC has decreased 18% over the past year, and new car sales in the region have decreased from 1.1 million to 875,000. Does this indicate that cars are normal or inferior goods? Show your calculations. (2 marks)

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