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Good Z Is Income Unit Elastic

Question 178

Multiple Choice

Good Z is income unit elastic. This means that the percentage change in income is


A) equal to the percentage change in the quantity demanded of good Z.
B) greater than the percentage change in the demand for good Z.
C) less than the percentage change in the quantity demanded of good Z.
D) equal to the percentage change in the price of good Z.
E) greater than the percentage change in the price of good Z.

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