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Suppose the income elasticity for tickets to Disneyland is 0.5. Interpret the elasticity. What type of good is implied by this elasticity? [3 points]
- Suppose the income elasticity for tickets to Disneyland is 0.5. Interpret the elasticity. What type of good is implied by this elasticity? [3 points]
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
