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Market for ramen noodles when the recession

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You manage a pasta-making company. Your market research has shown that consumers view spinach linguine as a "normal good" and ramen noodles as an "inferior good." Your management team expects the U.S. economy to enter a recession in the near future (implying that consumers' income, on average, will decline). Using the supply and demand model, explain what you expect to happen in (1) the market for spinach linguine and (2) the market for ramen noodles when the recession hits.

Reference no: EM132312923

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