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    Microeconomics Theory with Applications
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    Exam 3: Demand Theory
  5. Question
    Income Elasticity of Demand for an Inferior Good Is
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Income Elasticity of Demand for an Inferior Good Is

Question 60

Question 60

Multiple Choice

Income elasticity of demand for an inferior good is:


A) not properly defined.
B) negative.
C) positive.
D) zero.

Correct Answer:

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