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1.1 Supply and Demand Flashcards | StudBud
1.1 Supply and Demand
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What is an example of an inferior good?
A
Demand for A 24k Gold Statue increases (economic boom)
B
Demand for house renting decreases (economic boom)
C
Demand for rice in China increases (economic boom)
D
Demand for Second Hand Clothes decreases (Economic Crisis)
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