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Author Question: Luxury goods have an income elasticity of demand that is positive and greater than one. (Read 37 times)

swpotter12

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on: May 25, 2020

Question 1

The responsiveness of demand to changes in consumers' incomes is called income elasticity of demand.
◦ true
◦ false

Question 2

Luxury goods have an income elasticity of demand that is positive and greater than one.
◦ true
◦ false
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by swpotter12 on May 25, 2020

kaylee05

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Reply #1 on: May 25, 2020
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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swpotter12

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

chjcharjto14

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Reply 3 on: Yesterday
Excellent

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