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    Microeconomics Study Set 44
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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 98

Question 98

Multiple Choice

If the income elasticity of demand for a good is _____, the good is said to be _____.


A) positive; inferior
B) negative; a substitute
C) positive; normal
D) positive; positive

Correct Answer:

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