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    Microeconomics Principles for a Changing World
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    Exam 5: Elasticity
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    A Normal Good Has A(n)
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A Normal Good Has A(n)

Question 307

Question 307

Multiple Choice

A normal good has a(n)


A) income elasticity greater than 0 but less than 1.
B) income elasticity greater than 1.
C) negative income elasticity.
D) income elasticity equal to zero.

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