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Author Question: For a normal good, the quantity demanded (Read 73 times)

M1ch3a

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on: Oct 12, 2022

Question 1

When national income falls, sales of vacation packages also fall, even at constant prices. This fact suggests that the ________ elasticity of demand for vacation packages is ________.
◦ cross; positive
◦ price; positive
◦ price; negative
◦ income; negative
◦ income; positive

Question 2

For a normal good, the quantity demanded
◦ rises when income falls.
◦ falls when income rises.
◦ rises when income rises.
◦ does not change when income rises or falls.
◦ responds inversely to changes in income.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by M1ch3a on Oct 12, 2022

ad2018

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Reply #1 on: Oct 12, 2022
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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M1ch3a

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

flexer1n1

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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