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Which one of the following is NOT a characteristic of a normal good? A. It has a positive income elasticity of demand. B. A price

Which one of the following is NOT a characteristic of a normal good?

A. It has a positive income elasticity of demand.

B. A price fall will lead to a rise in demand.

C. The substitution and income effects of a price change work in opposite

directions.

D. The substitution effect of a price fall has a positive effect on demand.

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