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Table 5-1 -Refer to Table 5-1. Which of the Following Is Consistent

Question 5

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Table 5-1 Table 5-1   -Refer to Table 5-1. Which of the following is consistent with the elasticities given in Table 5-1? A) A is a luxury and B is a necessity. B) A is a good after an increase in income and B is that same good after a decrease in income. C) A has fewer substitutes than B. D) A is a good immediately after a price increase and B is that same good 3 years after the price increase.
-Refer to Table 5-1. Which of the following is consistent with the elasticities given in Table 5-1?


A) A is a luxury and B is a necessity.
B) A is a good after an increase in income and B is that same good after a decrease in income.
C) A has fewer substitutes than B.
D) A is a good immediately after a price increase and B is that same good 3 years after the price increase.

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