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A negative income elasticity of demand for a commodity indicates that as income falls the amount of the commodity purchased A. Rises B. Falls C.
A negative income elasticity of demand for a commodity indicates that as income falls the amount of the commodity purchased
A. Rises
B. Falls
C. Remains unchanged
D. Any of the above
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Mostly Harmless Econometrics An Empiricist's Companion
Authors: Joshua Angrist
1st Edition
1400829828, 9781400829828
