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    Exam 19: Elasticity
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    For a Normal Good, __________ Falls as Income __________; for an Inferior
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For a Normal Good, __________ Falls as Income __________; for an Inferior

Question 83

Question 83

Multiple Choice

For a normal good, __________ falls as income __________; for an inferior good, __________ rises as income __________.


A) demand; falls; demand; falls
B) demand; rises; demand; rises
C) supply; falls; demand; falls
D) supply; rises; supply; falls

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