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Suppose you sell fried chicken. Currently, there is a shortage of the flour used to make the batter. At the same time, consumers experience an
Suppose you sell fried chicken. Currently, there is a shortage of the flour used to make the batter. At the same time, consumers experience an increase in income and consider fried chicken to be an inferior good. What happens in the market for fried chicken? demand will decrease and supply will increase demand will decrease and supply will decrease demand will increase and supply will decrease demand will increase and supply will increase
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