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41 of 100 If for good Z income elasticity is greater than 1, then demand for good Z is income and good Z is a(n)
41 of 100 If for good Z income elasticity is greater than 1, then demand for good Z is income and good Z is a(n) good. a. elastic; inferior b. elastic; normal c. inelastic; normal d. inelastic; inferior Oe. unit elastic; normal
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Microeconomics
Authors: Christopher T.S. Ragan, Richard G Lipsey
14th canadian Edition
321866347, 978-0321866349
