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Homework answers / question archive / Suppose a decrease in consumers' income causes a decrease in the demand for chicken and an increase in the demand for potatoes

Suppose a decrease in consumers' income causes a decrease in the demand for chicken and an increase in the demand for potatoes

Economics

Suppose a decrease in consumers' income causes a decrease in the demand for chicken and an increase in the demand for potatoes. Which good is inferior and which is normal? How will the equilibrium price and quantity change for each good?

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