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Gustavo buys and consumes both canned food and wine regularly. His income decreases, and he purchases less wine. This means that: Canned food is a
Gustavo buys and consumes both canned food and wine regularly. His income decreases, and he purchases less wine. This means that: Canned food is a normal good for Gustavo. Canned food is an inferior good for Gustavo. Wine is a normal good for Gustavo. Wine has a negative income elasticity of demand
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