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Suppose When the Consumer's Income Rises by 100%, the Consumer's xx

Question 56

Multiple Choice

Suppose when the consumer's income rises by 100%, the consumer's consumption of good xx falls by 1%. We can infer that the consumer's income elasticity for good xx is:


A) 1- 1
B) 0.01- 0.01
C) 1
D) 0.010.01

Correct Answer:

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