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Author Question: A luxury good has A) a negative income elasticity. B) a cross elasticity of one. C) a very high ... (Read 120 times)

leo leo

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on: Jun 30, 2018
A luxury good has
 A) a negative income elasticity.
  B) a cross elasticity of one.
  C) a very high income elasticity.
  D) a negative price elasticity.

Question 2

In the United States, the supply curve for human organs currently is:
 a. vertical.
 b. horizontal.
 c. downward sloping.
  d. upward sloping.


karmakat49

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

a


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