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If a 6 Percent Increase in Income Results in a 10

Question 68

Multiple Choice

If a 6 percent increase in income results in a 10 percent increase in the quantity demanded of pizza,then the income elasticity of demand for pizza is


A) negative and therefore pizza is an normal good.
B) negative and therefore pizza is a inferior good.
C) positive and therefore pizza is an inferior good.
D) positive and therefore pizza is a normal good.

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