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If One Is Interested in Knowing Whether or Not a Product

Question 102

Multiple Choice

If one is interested in knowing whether or not a product is a normal good, one would be interested in the value of the:


A) ​elasticity of supply.
B) ​price elasticity of demand.
C) ​income elasticity of demand.
D) ​cross-price elasticity of demand.

Correct Answer:

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