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Income Elasticity of Demand
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Problem 9
Income Elasticity of Demand
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4. Elasticity / Income Elasticity of Demand / Problem 5
Problem 5
How does a decrease in consumer income typically affect the demand curve for inferior goods?
A
The demand curve remains unchanged.
B
The demand curve shifts to the right.
C
The demand curve becomes vertical.
D
The demand curve shifts to the left.
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