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inna [77]
3 years ago
14

The income of consumers has decreased. You know that canned meat is an inferior good. What will happen to the equilibrium price

and quantity of canned meat
Business
1 answer:
HACTEHA [7]3 years ago
7 0

Answer:

Since canned food is an inferior good, as consumers' income decreases, the demand for canned food will increase.

Explanation:

When consumer income decreases, the aggregate demand curve shifts tot he left. This will decrease the consumption normal goods, especially luxury goods. But it will also increase the consumption of inferior goods, such as canned food, noodles, etc.

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Explanation:

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Answer:

I am sorry fam this won't be an answer to your question, but I figured out how to see the answers on brainly for ya'll that don't have premium. You just need to right click on the page of your question and then click on "view page source" for me the shortcut is ctrl+ U. I don't know about yall's. when you do that it will open up a weird looking page then you want to scroll down, what you wanna focus on are the black letters, the others will be colored red or blue or whatever just focus on the black letters. It just gonna show you the answer and the comments too. Your welcome pudgy boi.

Explanation:

Sshheeeeeeshh

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