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Michelle spends all her income on McDonald's value meals and TV dinners. One day she receives a one-time bonus to her income. Now she buys
Michelle spends all her income on McDonald's value meals and TV dinners. One day she receives a one-time bonus to her income. Now she buys fewer McDonald's value meals, but more TV dinners, than before. We can conclude that, for Michelle, McDonald's value meals are ___________.
A. A necessity
B. A luxury good
C. A normal good
D. An inferior good
E. None of the above
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