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Author Question: For inferior goods, the income elasticity of demand is negative. Indicate whether the statement ... (Read 76 times)

nevelica

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on: Jun 29, 2018
For inferior goods, the income elasticity of demand is negative.
 
  Indicate whether the statement is true or false

Question 2

A monopolistically competitive firm produces a good or service that has no close substitutes.
 
  Indicate whether the statement is true or false


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amandalm

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

FALSE


nevelica

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

komodo7

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

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