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Author Question: If a producer knew his product to be an inferior good and he also knew average household income was ... (Read 53 times)

Gabby

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on: Oct 12, 2022
If a producer knew his product to be an inferior good and he also knew average household income was falling, he might
◦ cut output immediately because the demand for his product would surely fall.
◦ increase output because the demand for his product would rise.
◦ keep his output the same.
◦ decrease output because the demand for his product would rise.
◦ close down, because inferior goods are the first to be eliminated from household budgets when income falls.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Gabby on Oct 12, 2022

BryanAultm

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Gabby

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Excellent

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