FINC 306
Loyola University Of Maryland
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Latest Sophia __ Microeconomics Final Milestone.pd
- Exam (elaborations) • 26 pages • 2021
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Sophia __ Microeconomics Final Milestone. 
a box or rectangle 
a diamond 
an oval 
CONCEPT 
Process Mapping--Efficiency 
9 
Mariah received a promotion at work and wanted to replace her mobile phone with a more expensive 
smartphone that she could now afford. 
The lower-priced cell phone that Mariah no longer wanted to have is an example of which type of go 
Inferior good 
Normal good 
Veblen good 
Giffen good 
CONCEPT 
Types of Goods 
10 
Which one of the answers listed is NOT a reason why busi...
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