Quiz4_F10 - a. (3) Can a good have both a downward-sloping...

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3550 F10 Quiz 4 Last Name: First Name: 1. (4 points) Consider the following: a. (2) Is it possible for all goods a consumer buys to be normal? Explain. b. (2) Is it possible for all goods a consumer buys to be inferior? Explain. 2. (6 points) Consider the following:
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Unformatted text preview: a. (3) Can a good have both a downward-sloping Engel curve and a downward-sloping demand curve? Why or why not? b. (3) Can a good have both an upward-sloping Engel curve and an upward-sloping demand curve? Why or why not?...
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