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Consider a situation where for the last four years in a row, income among consumers has increased. A machine tool company tool company has had

Consider a situation where for the last four years in a row, income among consumers has increased. A machine tool company tool company has had sales increases in each of four -years. Does the company produce inferior or normal goods? Forecasts predict that income will continue to rise in the future. Should the company anticipate that demand for its products will continue to rise?

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