Question: QUESTION 1 1 Use the diagram below to answer the question below: Assuming that the curves above are representative of an inferior good, which of
QUESTION
Use the diagram below to answer the question below:
Assuming that the curves above are representative of an inferior good, which of the following could explain a movement from point p q to point p q in the figure?
a an increase in the price of a complement
b an increase in buyers' income
c a decrease in the buyers income
d an increase in the price of the good
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