Question
An income elasticity is used to estimate the impact of a: a.Change in the price of a substitute on consumer income. b.Change in consumers' incomes
An income elasticity is used to estimate the impact of a:
a.Change in the price of a substitute on consumer income.
b.Change in consumers' incomes on supply.
c.Change in consumers' incomes on demand.
d.Movement along the demand curve on price.
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Puzzle Of Latin American Economic Development
Authors: Patrice Franko
2nd Edition
0742524663, 9780742524668
