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    Principles of Microeconomics Study Set 10
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    Exam 5: Elasticity and Its Application
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    For Which of the Following Goods Is the Income Elasticity
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For Which of the Following Goods Is the Income Elasticity

Question 75

Question 75

Multiple Choice

For which of the following goods is the income elasticity of demand likely highest?


A) tennis lessons
B) allergy medication
C) clothing
D) cell phone contracts

Correct Answer:

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