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Author Question: An inferior good has a ________ income elasticity of demand and quantity demanded ________ as income rises. (Read 111 times)

crobinson2013

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on: Mar 14, 2021

Question 1

A normal good has a ________ income elasticity of demand and quantity demanded ________ as income rises.
◦ negative; increases
◦ negative; decreases
◦ positive; increases
◦ positive; decreases

Question 2

An inferior good has a ________ income elasticity of demand and quantity demanded ________ as income rises.
◦ negative; increases
◦ negative; decreases
◦ positive; increases
◦ positive; decreases
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by crobinson2013 on Mar 14, 2021

scrocafella

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Reply #1 on: Mar 14, 2021
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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crobinson2013

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Reply 2 on: Mar 14, 2021
YES! Correct, THANKS for helping me on my review

ebonylittles

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Reply 3 on: Yesterday
Excellent

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