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If a 5 Percent Increase in Consumer Incomes Leads to a 10

Question 14

Multiple Choice

If a 5 percent increase in consumer incomes leads to a 10 percent increase in the quantity demanded for a good, the good is a(n) _________ good with an income elasticity of________ .


A) normal; 2.0
B) inferior; - 0.50
C) inferior ; 2.0
D) normal; 0.50

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