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    Microeconomics Study Set 40
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    Exam 6: Elasticity
  5. Question
    For a Normal Good, the Income Elasticity of Demand Will
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For a Normal Good, the Income Elasticity of Demand Will

Question 35

Question 35

Multiple Choice

For a normal good, the income elasticity of demand will be:


A) negative.
B) positive.
C) 0.
D) determined by the direction of the change in income.

Correct Answer:

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