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In the model the expected effect is
Inferior Goods
Goods for which demand tends to fall when income rises.
Incomes
Income is the financial gain, commonly acquired on a consistent basis, either from employment or investment returns.
Demand
The desire and ability of consumers to purchase goods and services at various prices, determining the quantity of a product that will be sold in a market.
Cross-price Elasticity
A measure of how the quantity demanded of one good changes in response to a change in the price of another good.
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