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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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