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    Economics for Today Study Set 1
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    Exam 6: Elasticity of Demand and Supply
  5. Question
    The Income Elasticity of Demand
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The Income Elasticity of Demand

Question 20

Question 20

Multiple Choice

The income elasticity of demand:


A) can only be zero or unity.
B) can only be positive.
C) can only be negative.
D) can be positive or negative.

Correct Answer:

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