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    Economics Study Set 2
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    Exam 18: The Price Elasticities of Demand and Supply
  5. Question
    If Income Elasticity for a Good or Service Is ______,Then
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If Income Elasticity for a Good or Service Is ______,Then

Question 44

Question 44

Multiple Choice

If income elasticity for a good or service is ______,then we can say that the good or service is _____.


A) negative;inferior
B) negative;normal
C) positive;inferior
D) zero;normal

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