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A research company has determined several goods have income elasticities as indicated in the table below: Good Income elasticity of Demand Total Brand cereal 0.30
A research company has determined several goods have income elasticities as indicated in the table below:
| Good | Income elasticity of Demand |
| Total Brand cereal | 0.30 |
| Eclipse glasses | -1.50 |
| office chairs | 0.0 |
| Theater Tickets | 4.0 |
| Heart Shaped Pillows | 2.0 |
The quantity demanded of which good decreases the most during a recession ( when income decrease) ?
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Auditing And Assurance Theory And Practice
Authors: Clifford Gomez
1st Edition
8120345665, 978-8120345669
