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37. Peanut butter is an inferior good. If there is an increase in income, total surplus in the peanut butter market: A) will increase. B) will decrease. C) will not change. D) may change, but we cannot determine the change without more information.
37. Peanut butter is an inferior good. If there is an increase in income, total surplus in the peanut butter market: A) will increase. B) will decrease. C) will not change. D) may change, but we cannot determine the change without more information.
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