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For an inferior good, a decreased in real income will lead to?

Economics
JAMB 2003
For an inferior good, a decreased in real income will lead to?
  • A. a lower equilibrium price
  • B. a change in quantity demanded
  • C. an outward shift of the demand curve
  • D. an inward shift of the demand curve
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Correct Answer: Option C
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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