veroalvarez3732 veroalvarez3732

15-02-2024
Business

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Consider the market for iPhones. Suppose household income decreases. Assume iPhones are a normal good. When income decreases, the demand for iPhones Instead, consider an inferior good. If income decreases, what happens to the demand for iPhones?
A) It increases
B) It decreases
C) It stays the same
D) It is uncertain

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