Question
Kuo S. Huang estimates that with every 15% increase income, the quantity of turkey purchased declines by 1.8%. From this information one would conclude that turkey is:
a luxury.
a necessity.
an inferior good.
a normal good.
a luxury.
a necessity.
an inferior good.
a normal good.
Answers
Do a little research, then take a shot, what do you think?
Hint: inferior good
Hint: inferior good
normal
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