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Author Question: Income elasticity of demand is greater than zero for all of the following except a. restaurant ... (Read 59 times)

bcretired

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  • Posts: 525
on: Jul 1, 2018
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

  • Sr. Member
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  • Posts: 357
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


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