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    Business
  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 5: Elasticities of Demand and Supply
  5. Question
    Goods Are ________ When the Income Elasticity of Demand Is
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Goods Are ________ When the Income Elasticity of Demand Is

Question 93

Question 93

Multiple Choice

Goods are ________ when the income elasticity of demand is less than zero.


A) substitutes
B) complements
C) inferior
D) elastic
E) normal

Correct Answer:

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