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D Question 3 1 pts Suppose we see a world with two goods: (i) clocks and (ii) books. Individuals still have inwardly curved indifference curves
D Question 3 1 pts Suppose we see a world with two goods: (i) clocks and (ii) books. Individuals still have inwardly curved indifference curves as we used in lecture. Suppose that we observe a decrease in the price of books. After the consumer has re-optimized, that they have chosen to consume: - More clocks and Less books What type of good must clocks be in this example? Not Enough Information to Tell O Normal Good O Inferior Good O Neither a Normal or Inferior Good
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