Question
The Income elasticity of demand for good X is -1.45. Good X is: 1. a normal good 2. a superior good 3. an inferior good
The Income elasticity of demand for good X is -1.45. Good X is:
1. | a normal good | |
2. | a superior good | |
3. | an inferior good | |
4. | a complementary good |
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
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