For each of the following goods or services, indicate whether you think they are normal or inferior
Question:
For each of the following goods or services, indicate whether you think they are normal or inferior goods for most consumers. Briefly explain your reasoning.
a. The newest iPhone
b. 10-year-old used cars
c. Dental services
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a The newest iPhone This could be considered a normal good for many consumers As incomes rise people ...View the full answer
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