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Which of the Following Statements Is Correct? the

Question 329

Multiple Choice

Which of the following statements is correct? The


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

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