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  3. Study Set
    Foundations of Macroeconomics
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    Exam 5: Elasticities of Demand and Supply
  5. Question
    If a Product Is a Normal Good,then Its Income Elasticity
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If a Product Is a Normal Good,then Its Income Elasticity

Question 181

Question 181

Multiple Choice

If a product is a normal good,then its income elasticity of demand is


A) zero.
B) positive.
C) negative.
D) indeterminate.
E) greater than 1.

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