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Choose the statement or statements below that are consistent with the interpretation of the income elasticity. Choose one or more: A. Income elasticity of demand
Choose the statement or statements below that are consistent with the interpretation of the income elasticity. Choose one or more: A. Income elasticity of demand cannot be zero. B. Income elasticity of demand cannot be negative. C. An income elasticity of demand equal to zero indicates that a good is income neutral. D. An income elasticity of demand between zero and one indicates that a good is inferior. E. An income elasticity of demand equal to one indicates that a good is income neutral. F. An income elasticity of demand greater than zero indicates that a good is normal. G. For a good to be considered normal, the income elasticity of demand must be greater than on
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