Author Question: Income elasticity of demand is greater than zero for all of the following except a. restaurant ... (Read 102 times)

bcretired

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Income elasticity of demand is greater than zero for all of the following except
 a. restaurant meals
  b. beer
  c. owner-occupied housing
  d. food
  e. rental housing

Question 2

The ability of increasing quantity supplied in response to a higher price is identical across industries.
 a. True
  b. False



Swizqar

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Answer to Question 1

B

Answer to Question 2

B



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