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Interpret the following two (2) Income Elasticities of Demand (YED) and state if the goods are normal or inferior and explain your reasoning (2.5 marks)
Interpret the following two (2) Income Elasticities of Demand (YED) and state if the goods are normal or inferior and explain your reasoning (2.5 marks)
YED= + 0.7 YED= - 3.5
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The End Of Poverty Economic Possibilities For Our Time
Authors: Jeffrey D Sachs, Bono
1st Edition
0143036580, 9780143036586
