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(Table: Martinez Family Household Income and Expenditures) Use Table: Martinez

Question 28

Multiple Choice

(Table: Martinez Family Household Income and Expenditures) Use Table: Martinez Family Household Income and Expenditures. The Martinez's income elasticity of demand for books is: (Table: Martinez Family Household Income and Expenditures) Use Table: Martinez Family Household Income and Expenditures. The Martinez's income elasticity of demand for books is: A) negative. B) 0. C) between 0 and 1. D) 1.


A) negative.
B) 0.
C) between 0 and 1.
D) 1.

Correct Answer:

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