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Business, 15.04.2021 22:20 XxLydiaxXwolf773

(XandY).Ineachof the following scenarios, indicate whether the equilibrium consumption of goods X and Y will increase or decrease. Assume good X is an inferior good and good Y is a normal good. a. Income doubles. b. Income quadruples and all prices double. c. Income and all prices quadruple. d. Income is halved and all prices double.

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