If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is: | Faculties

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📊 MicroEconomics, Theory and Applications 1

Q. If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is:

(A) a normal good.
(B) an inferior good.
(C) a substitute good
(D) a complementary good.

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✅ Correct Answer: (C) a substitute good

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