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3 Which statement is true: I Ordinary good is always ordinary Normal good is always luxurious There is no true statement An ordinary good can be either normal or inferior

3 Which statement is true: I Ordinary good is always ordinary Normal good is always luxurious There is no true statement An ordinary good can be either normal or inferior

Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Font Paragraph 3 Which statement is true: 1 Ordinary good is always ordinary Normal good is always luxurious There is no true statement An ordinary good can be either normal or inferior The income effect in the Slutsky equation is positive A simple good is always of little value A normal good can be either a normal or a Giffen good Styles Select Editing
Transcribed Image Text:Font Paragraph 3 Which statement is true: 1 Ordinary good is always ordinary Normal good is always luxurious There is no true statement An ordinary good can be either normal or inferior The income effect in the Slutsky equation is positive A simple good is always of little value A normal good can be either a normal or a Giffen good Styles Select Editing
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