Repeat the preceding question but assume that a decrease in the price of cigars leads to a
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Repeat the preceding question but assume that a decrease in the price of cigars leads to a decrease in George’s scotch consumption. Does this imply that scotch is an inferior good in George’s case?
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Microeconomics Theory and Applications
ISBN: 978-1118758878
12th edition
Authors: Edgar K. Browning, Mark A. Zupan
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