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Suppose that a utility maximizing consumer is usually purchasing two goods, pizza (a normal good) and pens. Suppose that the price of pizza decreases and
Suppose that a utility maximizing consumer is usually purchasing two goods, pizza (a normal good) and pens. Suppose that the price of pizza decreases and as a result the quantity purchased of pens increases, cetris paribus. We can thus say that pens are..
A. Inferior Good
B. Luxuries
C. Necesseties
D. Normal goods
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