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Which of the following is likely to happen when Crystal increases her income by earning a promotion and pay raise at work? Crystal will buy
Which of the following is likely to happen when Crystal increases her income by earning a promotion and pay raise at work?
- Crystal will buy fewer normal and luxury goods.
- On a graph for indifference curves for new clothing and new shoes, Crystal's budget constraint will shift to the left.
- Crystal's preference for normal goods will increase.
- Crystal's consumption of inferior goods, such as generic brand items, will stay the same.
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