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    Exam 19: Demand and Supply Elasticity
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    The Income Elasticity of Demand for All Goods Taken Together
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The Income Elasticity of Demand for All Goods Taken Together

Question 39

Question 39

Multiple Choice

The income elasticity of demand for all goods taken together must be


A) zero.
B) -1.
C) +1.
D) between 0 and 1.

Correct Answer:

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