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4. (4 points) Moltar initially purchases a bundle of 5 hockey sticks and 4 baseball bats. For Moltar, at the initial price level, hockey sticks
4. (4 points) Moltar initially purchases a bundle of 5 hockey sticks and 4 baseball bats. For Moltar, at the initial price level, hockey sticks are an inferior good and baseball bats are a normal good. T/F/U: When the price of baseball bats falls, Moltar will consume less hockey sticks and more baseball bats
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
