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Could you help me out with question 4? If hot dogs are an inferior good, an increase in income will result in... A. An increase in the quantity demanded for hot dogs B. An increase in the demand for hot
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Mar 12, 2021
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Could you help me out with question 4?
If hot dogs are an inferior good, an increase in income will result in...
A. An increase in the quantity demanded for hot dogs
B. An increase in the demand for hot dogs
C. A decreasein the quantity demanded for hot dogs
D. A decrease in the demand for hot dogs
E. No changes
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D, if hotdogs are inferior, then an increase in income will result in eating more expensive, better quality food.
Alessandro Bertozzi
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Mar 17, 2021
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Alessandro Bertozzi
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