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    Foundations of Macroeconomics
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    Exam 5: Elasticities of Demand and Supply
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    When Income Increases by 6 Percent,the Demand for Potatoes Decreases
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When Income Increases by 6 Percent,the Demand for Potatoes Decreases

Question 66

Question 66

Multiple Choice

When income increases by 6 percent,the demand for potatoes decreases by 2 percent.The income elasticity of demand for potatoes equals


A) -2.00.
B) 3.00.
C) -3.00.
D) 0.33.
E) -0.33.

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