Question: This question refers to the article titled Does Wal-Mart Sell Inferior Goods? by Emek Basker, published in the journal Economic Inquiry, Volume 49, No.4, October

This question refers to the article titled "Does Wal-Mart Sell Inferior Goods?" by Emek Basker, published in the journal Economic Inquiry, Volume 49, No.4, October 2011, pages 973-981.
(a) Explain the main conclusion(s) of the article.
(b) Define the number of shoppers the author sampled. Explain why this is so.
(c) Did the author provide other corroborating evidence? Explain why or why not.
(d) Do you find the evidence convincing? Explain with reasons, highlighting any possible shortcomings in the author's approach.

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The article estimated theaggregate income elasticity of WaltMarts and Targets revenue using quarterlydata for 19972006 It was found that WaltMarts rev... View full answer

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