Research has shown that fishing poles are an inferior good, Business Economics

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Research has shown that fishing poles are an inferior good

Research has shown that fishing poles are an inferior good. If there is a decrease in the price of fishing poles, how are the substitution effect and income effect of this price change influencing consumers' purchasing decisions? Explain the impact of each of these effects.

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Business Economics: Research has shown that fishing poles are an inferior good

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Business Economics: Research has shown that fishing poles are an inferior good

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