Consider the consumer only consumes two goods namely flour and potatoes. Potatoes are an inferior good. Do you think that flour can also be inferior goods? Give your reviews. If the price of flour falls, illustrate the impact on the consumption of flour and potatoes using substitution
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Answer:yes
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Consider the consumer only consumes two goods namely flour and potatoes. Potatoes are an inferior good. Do you think that flour can also be inferior goods? Give your reviews. If the price of flour falls, illustrate the impact on the consumption of flour and potatoes using substitution
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