Multiple Choice
Jim recently graduated from college.His income increased dramatically;from$5000 a year to $60,000 a year.Jim decides that instead of using the bus,he would buy a car.This implies that
A) The car is a normal goods for Jim
B) The car is an inferior goods for Jim
C) The bus and the car are complementary for Jim
D) Need information on the price of cars
Correct Answer:
Verified
Correct Answer:
Verified
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