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60.Assume that a 3 percent increase in income in the economy produces a 0 percent change in the quantity demanded of good X. The coefficient
60.Assume that a 3 percent increase in income in the economy produces a 0 percent change in the quantity demanded of good X. The coefficient of income elasticity of demand for good X is:
A.negative and therefore X is an inferior good.
B.zero and therefore X is a neutral good.
C.positive and therefore X is a normal good.
D.positive and therefore X is an inferior good.
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