Asked by Mishal Almandhour
2. Decide whether the following product is normal, inferior, or luxury. Explain how you can find that?
a. Income increases by 20% and quantity decreases by 30%
b. Income decreases by 20% and quantity decreases by 30 %
c. Income decreases by 20% and quantity decreases by 10%
a. Income increases by 20% and quantity decreases by 30%
b. Income decreases by 20% and quantity decreases by 30 %
c. Income decreases by 20% and quantity decreases by 10%
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