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    Principles of Economics Study Set 7
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    Exam 4: Elasticity
  5. Question
    Super Economy Brand Products Have an Income Elasticity of -1
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Super Economy Brand Products Have an Income Elasticity of -1

Question 135

Question 135

Multiple Choice

Super Economy Brand products have an income elasticity of -1.4. Thus, these are goods.


A) necessity
B) inferior
C) luxury
D) normal
E) complementary

Correct Answer:

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