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The elasticity of demand for beef is -1.2 and the income elasticity for beef is -0.2. Therefore, beef is Question options: A) normal, elastic B)
The elasticity of demand for beef is -1.2 and the income elasticity for beef is -0.2. Therefore, beef is Question options: A) normal, elastic B) inelastic, substitute C) normal, substitute D) elastic, inferior
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