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For each of the following goods/services, indicate whether they are normal/superior or inferior goods for most consumers. Briefly justify your answer.(5 5 = 25) a.Air
For each of the following goods/services, indicate whether they are normal/superior or inferior goods for most consumers. Briefly justify your answer.(5 5 = 25)
a.Air travel for a vacation
b.Regular health check-ups
c.Second-hand clothes
d.A 10-year-old used car
A Louis Vuitton handbag
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