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Author Question: If the income elasticity of a demand for a good is negative, then the good is (Read 44 times)

tfester

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on: May 25, 2020

Question 1

If the income elasticity of demand for a good is positive but less than one, the good must be
◦ an inferior good.
◦ a luxury good.
◦ a substitute good.
◦ a normal good.

Question 2

If the income elasticity of a demand for a good is negative, then the good is
◦ an inferior good.
◦ a normal good.
◦ an income-neutral good.
◦ a luxury good.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by tfester on May 25, 2020

Zebsrer

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tfester

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Reply 2 on: May 25, 2020
Excellent

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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