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    Microeconomics Study Set 44
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    Exam 6: Elasticity
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    The Income Elasticity of Demand of a Normal Good Is
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The Income Elasticity of Demand of a Normal Good Is

Question 260

Question 260

Multiple Choice

The income elasticity of demand of a normal good is always:


A) between 1 and 0.
B) less than 0.
C) equal to 0.
D) greater than 0.

Correct Answer:

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