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If the Quantity of Higher Education Demanded Rises by 5

Question 72

Multiple Choice

If the quantity of higher education demanded rises by 5 percent when incomes rise by 10 percent,


A) higher education is a normal good
B) higher education is an inferior good
C) the demand for higher education is price elastic
D) the law of demand applies to higher education
E) the demand for higher education is price inelastic

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