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    Principles of Economics Study Set 8
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    Exam 5: Elasticity and Its Application
  5. Question
    If We Observe That When a Consumer's Income Rises by 10
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If We Observe That When a Consumer's Income Rises by 10

Question 4

Question 4

True/False

If we observe that when a consumer's income rises by 10%, the quantity demanded of chocolate candy bars increases by 15%, then chocolate candy bars are are a normal good for that consumer.

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