EBK ECONOMICS
EBK ECONOMICS
13th Edition
ISBN: 8220106799642
Author: PARKIN
Publisher: PEARSON
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Chapter 4, Problem 20APA

(a)

To determine

Whether wedding is a normal good or an inferior good.

(b)

To determine

Whether wedding is a luxury good or necessity good.

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17. Given that C=$700+0.8Y, I=$300, G=$600, what is Y if Y=C+I+G?
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