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    Exam 19: Demand and Supply Elasticity
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    If Your Income Rises by One Percent And, as a Result
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If Your Income Rises by One Percent And, as a Result

Question 245

Question 245

Multiple Choice

If your income rises by one percent and, as a result, you buy more steak, then steak is a(n)


A) substitute.
B) normal good.
C) complement.
D) inferior good.

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