Multiple Choice
When Noelle received a promotion at work,her income rose by 50 percent.The income elasticity of demand for steak was found to be 1.5.For her,steak is a(n)
A) inferior good.
B) necessity.
C) complement to potatoes.
D) substitute for chicken.
E) luxury.
Correct Answer:
Verified
Correct Answer:
Verified
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