Question
If demand is for Good X is income inelastic,then... 1Good X has so many substitute 2 a change in income will have only a small
If demand is for Good X is income inelastic,then...
1Good X has so many substitute
2 a change in income will have only a small impact on demand
3 a change in income will have a large impact on demand
4 a change in price will have only a small change on demand
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Environmental Economics
Authors: Barry Field, Martha K Field
5th Edition
0073375764, 9780073375762
