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In January, root beer and orange soda each cost $1 a bottle. Judith's income is $20. She buys 5 root beers and 15 orange sodas. In February, the price of root beer falls to 50 cents, the price of orange soda increases to $2 and Judith's income remains $20, and she still buys exactly 5 root beers. True or False: Root beer is a normal good for Judith.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M938164

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