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    Basics of Economics
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    Exam 3: Demand and Elasticity
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    When an Individual's Income Falls, When Everything Else Remains the Same
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When an Individual's Income Falls, When Everything Else Remains the Same

Question 24

Question 24

Multiple Choice

When an individual's income falls, when everything else remains the same, his demand for inferior goods:


A) increases
B) decreases
C) remains unchanged
D) cannot say

Correct Answer:

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