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    Microeconomics Study Set 40
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    Exam 6: Elasticity
  5. Question
    If the Income Elasticity of Demand for a Good Is
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If the Income Elasticity of Demand for a Good Is

Question 264

Question 264

Essay

If the income elasticity of demand for a good is positive, the good is said to be:
A.an inferior good.
B.a substitute good.
C.a normal good.
D.a positive good.

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