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Carrots are an inferior good if: Question 7 options: an increase in income has no impact on the demand or supply of carrots. carrots are
Carrots are an inferior good if: Question 7 options: an increase in income has no impact on the demand or supply of carrots. carrots are a low quality good. an increase in income causes a decrease in the demand for carrots. an increase in income causes an increase the demand for carrots
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Managerial Economics Markets and the Firm
Authors: William Boyes
2nd edition
618988629, 978-0618988624
