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Assuming that Miguel divides his entertainment budget between movies (an inferior good) and baseball games (a normal good), what will happen if his income increases?
Assuming that Miguel divides his entertainment budget between movies (an inferior good) and baseball games (a normal good), what will happen if his income increases? Now with less money, Miguel will choose more baseball games and fewer movies. Now with less money, Miguel will choose fewer baseball games and more movies. Now with more moeny, Miguel will choose fewer baseball games and more movies. Now with more money, Miguel will choose more baseball games and fewer movies
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