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If an Increase in Income Results in an Increase in the Quantity

Question 84

Multiple Choice

If an increase in income results in an increase in the quantity demanded for a product, the product is ________, and the value of the income elasticity of demand is ________.


A) a normal good; positive
B) a normal good, negative
C) an inferior good; positive
D) an inferior good; negative

Correct Answer:

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