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For each of the alternatives below, explain for each one whether it is true, false or uncertain, based on the following statement: Flour is an
For each of the alternatives below, explain for each one whether it is true, false or uncertain, based on the following statement:
"Flour is an inferior good. So, if per capita income falls":
(a) the supply of flour will shift to the left.
(b) the quantity of flour supply will fall.
c) The demand for flour will shift to the right.
d) The demand for flour will shift to the left.
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