40. During an economic upturn when consumer income rises, the demand for caviar increases and the...
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40. During an economic upturn when consumer income rises, the demand for caviar increases and the demand for hummus decreases. This implies that caviar: O is an inferior good and hummus is a normal good O is an economic bad and hummus is an economic good O is a normal good and hummus is an inferior good. O and hummus are complements. 40. During an economic upturn when consumer income rises, the demand for caviar increases and the demand for hummus decreases. This implies that caviar: O is an inferior good and hummus is a normal good O is an economic bad and hummus is an economic good O is a normal good and hummus is an inferior good. O and hummus are complements.
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option 3 is correct Caviar is normal goods and hummus ... View the full answer
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