Question
An increase in consumer income, holding all else constant, will increase demand for _______ but decrease demand for _________. A. Normal goods; Substitute goods B.
An increase in consumer income, holding all else constant, will increase demand for _______ but decrease demand for _________.
A. Normal goods; Substitute goods
B. Normal goods; Inferior goods
C. Substitute goods; Inferior goods
D. Inferior goods; Normal goods
E. None of the above
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Econometric Analysis Of Cross Section And Panel Data
Authors: Jeffrey M Wooldridge, J M Wooldridge
2nd Edition
0262232588, 9780262232586
