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All of the following statements are correct except: A)for an inferior good, an increase in income causes its budget share to fall. B)for an inferior

All of the following statements are correct except:

A)for an inferior good, an increase in income causes its budget share to fall.

B)for an inferior good, as income rises, more of consumers' income is spent on it.

C)if a good is a necessity, an increase in income causes its budget share to fall.

D)for a luxury good, an increase in income causes that good's budget share to rise

(Explain Please)

Thank you

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