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(a)What is an example of a normal good.Will the income elasticity of this good be greater than or less than 1?Explain. (b)What is an example

(a)What is an example of a normal good.Will the income elasticity of this good be greater than or less than 1?Explain.

(b)What is an example of an inferior good.Will the income elasticity of this good be greater than or less than 1?Explain.

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