Author Question: Necessities and luxuries are both types of normal goods. a. True b. ... (Read 44 times)

Shelles

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Necessities and luxuries are both types of normal goods.
 a. True
  b. False

Question 2

If income rises and the demand for toothbrushes stays the same, income elasticity of toothbrushes is said to be unit elastic.
 a. True
  b. False



juwms

  • Sr. Member
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Answer to Question 1

A

Answer to Question 2

B



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