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a good is classified as inferior if
a. consumers buy less when the price rises
b. consumers buy less when the income rises
c. consumers buy less when the price falls
d. consumers buy more when the price rises
e. better quality goods exist.
Macroeconomics deals with the economy as a whole. The millions of individual microeconomic decisions of the people, businesses, and government in their totality represent a nation'
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When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first?
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