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A 5 Percent Increase in Income Leads to a 10

Question 124

Multiple Choice

A 5 percent increase in income leads to a 10 percent increase in the quantity demanded for a service.This service is a(n) _____ good,and the demand is _____.


A) normal; elastic
B) normal; inelastic
C) normal; unit elastic
D) inferior; elastic
E) inferior; inelastic

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