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Next Question Consider the market for Apple watches. Suppose household income decreases. Use the line drawing tool to show how this affects the demand for
Next Question Consider the market for Apple watches. Suppose household income decreases. Use the line drawing tool to show how this affects the demand for Apple watches by drawing a new demand curve. Assume Apple watches are a normal good. Properly label this line. Carefully follow the instructions above, and only draw the required objects. According to the graph, when income decreases, the demand for Apple watches Instead, consider an inferior good. If income decreases, then the demand for an inferior good |:|. Price of Apple watches Quantity of Apple watches D1
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