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Consider a Two-Good World,with Commodities X and Y

Question 117

Multiple Choice

Consider a two-good world,with commodities X and Y.Which of the following statements is correct?


A) Both X and Y must be normal goods.
B) If good X is a normal good, good Y must be an inferior good.
C) If good X is an inferior good, good Y must be a normal good.
D) Both good X and good Y can be inferior goods.

Correct Answer:

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