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A 5 Percent Increase in Income Leads to a 10

Question 226

Multiple Choice

A 5 percent increase in income leads to a 10 percent decrease in quantity demanded for a service.This service is a(n) __________ good and demand is __________.


A) normal; elastic
B) normal; inelastic
C) normal; unit elastic
D) inferior; elastic
E) inferior; inelastic

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