Exam (elaborations)
WGU- Microeconomics C718(Latest Update )
- Course
- Institution
Marginal thinking - ANSWER what's next/ additional action Normal good (regular) - ANSWER a good that consumers demand more of when their incomes increase. Ex: "I'm still going to buy gas b/c I need it" Inferior good (luxury) - ANSWER a good that consumers demand less of when their incomes in...
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