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    Managerial Economics and Strategy Study Set 2
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    Exam 3: Empirical Methods for Demand Analysis
  5. Question
    A Normal Good Has a ________ Income Elasticity of Demand
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A Normal Good Has a ________ Income Elasticity of Demand

Question 2

Question 2

Multiple Choice

A normal good has a ________ income elasticity of demand and quantity demanded ________ as income rises.


A) negative; increases
B) negative; decreases
C) positive; increases
D) positive; decreases

Correct Answer:

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