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If income increases by 6 percent and the quantity demanded of a good then decreases by 12 percent, the good is: inferior and income-inelastic. normal
If income increases by 6 percent and the quantity demanded of a good then decreases by 12 percent, the good is:
- inferior and income-inelastic.
- normal and income-elastic.
- normal and income-inelastic.
- inferior and income-elastic.
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Dynamic Business Law The Essentials
Authors: Nancy Kubasek
1st Edition
0073377686, 9780073377681
