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In the graph below, assume after the increase in income of 50%, R* is now 60 and P is now 120. If this is true,

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In the graph below, assume after the increase in income of 50%, R* is now 60 and P is now 120. If this is true, then we would say pizza is a good and roses are an good. Figure 6-1 The Individual's Budget Constraint Roses T/Pr R=100 U 1/Pp B P* 50 Pizza normal, normal normal, inferior inferior, normal inferior, inferior

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