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Jim recently graduated from college. His income increased dramatically; from$5000 a year to $60,000 a year. Jim decided that instead of using the bus, he
Jim recently graduated from college. His income increased dramatically; from$5000 a year to $60,000 a year. Jim decided that instead of using the bus, he would buy himself a car. This implies that
a.The car is a normal good for Jim
b.The car is an inferior good for Jim
c.He is equally happy between using the bus and buying a car
d.None of the above
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