Dan consumes two goods: peanut butter and jelly sandwiches, which are an inferior good, and chicken salad
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Dan consumes two goods: peanut butter and jelly sandwiches, which are an inferior good, and chicken salad sandwiches, which are a normal good. He gets a raise at work. Will the ratio of peanut butter and jelly sandwiches to chicken salad sandwiches that he consumes increase or decrease?
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Assuming that the ratio of consumption is quantity of ...View the full answer
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