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if an increase in income results in higher prices for yachts. we conclude that: a. yachts are normal goods b. there was a decrease in
if an increase in income results in higher prices for yachts. we conclude that:
a. yachts are normal goods
b. there was a decrease in the supply of yachts
c. no relationship between income and demand of yachts
d. there was an increase in the supply of yachts
e. yachts are inferior goods
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