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    Economics The Basics
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    Exam 3: Market Equilibrium and Shifts
  5. Question
    A Luxury Good Is One Whose Demand ______ as Income
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A Luxury Good Is One Whose Demand ______ as Income

Question 3

Question 3

Multiple Choice

A luxury good is one whose demand ______ as income increases.


A) rises slightly
B) rises sharply
C) decreases
D) stays flat

Correct Answer:

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