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Suppose that the price of Krazy Kalid's cereal rose by 25%, due to the fact that incomes increased by 10%. We know that cereal is
Suppose that the price of Krazy Kalid's cereal rose by 25%, due to the fact that incomes increased by 10%. We know that cereal is a:
a.normal and a necessity good
b.normal and a luxury good
c.inferior and a necessity good
d.inferior and a luxury good
Clear my choice
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