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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 164

Question 164

Essay

If the income elasticity of demand for a good is _______, the good is said to be _.
A.positive; inferior good
B.negative; substitute good
C.positive; normal good
D.positive; positive good

Correct Answer:

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positive; ...

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