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Which of the Following Statements Is Correct

Question 290

Multiple Choice

Which of the following statements is correct?


A) The income elasticity of demand for inferior goods is positive.
B) The cross elasticity of demand for substitutes is negative.
C) The income elasticity of demand for normal goods is positive.
D) The cross elasticity of demand for complements is positive.
E) The income elasticity of demand for inferior goods is zero.

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