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    Principles of Macroeconomics Study Set 8
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    Exam 5: Elasticity and Its Applications: The Elasticity of Demand
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    For Which of the Following Goods Is the Income Elasticity
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For Which of the Following Goods Is the Income Elasticity

Question 206

Question 206

Multiple Choice

For which of the following goods is the income elasticity of demand likely highest?


A) natural gas
B) doctor's visits
C) hamburgers
D) boats

Correct Answer:

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