IHeartArt3362 IHeartArt3362
  • 12-03-2024
  • Business
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Suppose an increase of 10% in the price of steak reduces the consumption of steak by 30%. Such a price rise will induce households to spend Select one:
a. less of their income on steak,
b. the same amount on steak as before.
c. more on products that are complementary with steak.
d. more of their income on steak,

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