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Author Question: Why would you expect the demand for diamond jewelry to fall faster than plastic, costume jewelry ... (Read 120 times)

TVarnum

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on: Jul 1, 2018
Why would you expect the demand for diamond jewelry to fall faster than plastic, costume jewelry when all incomes fall?
 
  What will be an ideal response?

Question 2

When income increases by 1, the quantity demanded of a good decreases by 2. What is the income elasticity of the good? Is the good normal or inferior? Why?
 
  What will be an ideal response?
Microeconomics ¦ Perloff ¦ 8th Edition
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zoeyesther

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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TVarnum

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Reply #2 on: Jul 1, 2018
Thank you :)


zoeyesther

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Reply #3 on: Jul 1, 2018
Happy to help you


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