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The X-Corporation produces a good (called X) that is an inferior good. Its competitor, Y-Corporation, makes a substitute good that it markets under the name
The X-Corporation produces a good (called X) that is an inferior good. Its competitor, Y-Corporation, makes a substitute good that it markets under the name "Y." Good Y is a normal good. 1) How will the demand for good X change if consumer incomes decrease? a) It will increase. b) It will decrease. c) It will increase then decrease. d) It will stay the same
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