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Author Question: Income elasticity is used to determine whether a product is a normal or inferior good. Indicate ... (Read 41 times)

clippers!

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on: Jun 30, 2018
Income elasticity is used to determine whether a product is a normal or inferior good.
  Indicate whether the statement is true or false

Question 2

The official poverty definition may ____ the level of poverty because it does not include ____.
 a. overstate; cash benefits
 b. overstate; noncash benefits
  c. understate; cash benefits
 d. understate; noncash benefits


Zebsrer

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

True

Answer to Question 2

b


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