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    Microeconomics Study Set 25
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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 10

Question 10

Multiple Choice

If the income elasticity of demand for a good is positive,the good is said to be:


A) inferior.
B) a substitute.
C) normal.
D) positive.

Correct Answer:

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