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Economics - Financial Markets
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OpenStudy (anonymous):
Suppose the demand curves for goods A, B, and C have the following functional forms, where Q denotes quantity demanded, P denotes price, and M denotes income. QA = 120 - 3.5PA - 6PB + 14M QB = 100 - 2PB + 3PC + 1.1M QC = 1500 - 0.5PC - 300M Based on these demand curves, which of the following goods are known to be inferior goods?
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