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  3. 1 see graph a if we observe that the chosen...

Question: 1 see graph a if we observe that the chosen...

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1. See graph

Knicks Knacks

a) If we observe that the chosen combination of knicks and knacks moves from point A to point C, what can we assume brought about this change?

b) Are knicks a normal good or an inferior good? How do you know?

c) Are knicks and knacks substitutes or complements? How do you know?

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