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  3. Study Set
    Microeconomics
  4. Exam
    Exam 5: Consumers and Incentives
  5. Question
    Luxury Goods Have an Income Elasticity ________
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Luxury Goods Have an Income Elasticity ________

Question 176

Question 176

Multiple Choice

Luxury goods have an income elasticity ________.


A) less than zero
B) between zero and one
C) equal to one
D) greater than one

Correct Answer:

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