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Which of the following statements a) , b) or c) is false?
Inferior Good
An item whose demand falls when consumer income rises, contrasting with normal goods where demand increases with income.
Technological Advancement
The process of developing and applying new technologies to improve products, processes, or services.
Equilibrium Quantity
When the market is at equilibrium, the supply of goods or services is identical to the demand at that price.
Coffee-Bean Pickers
Individuals engaged in the agricultural activity of harvesting coffee beans from plants.
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