Week 7 Quiz - Week 7 Quiz 1 If consumers consider Ben and Jerrys ice cream to be a normal good and Kroger brand ice cream to be an inferior good then

Week 7 Quiz - Week 7 Quiz 1 If consumers consider Ben and...

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Week 7 Quiz 1. If consumers consider Ben and Jerry’s ice cream to be a normal good and Kroger brandice cream to be an inferior good, then when consumer income rises we will predict: 2. If the cross price elasticity of demand between two goods is negative, then the two goods are: 4. What do we mean when we say a product is unit price elastic?
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