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Author Question: If the demand for a product has an income elasticity of -3.4, we can conclude that (Read 45 times)

mccallkeeler

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on: Oct 12, 2022
If the demand for a product has an income elasticity of -3.4, we can conclude that
◦ the product is certainly a necessity.
◦ an increase in income will lead to an increase in demand for the product.
◦ the product is a normal good.
◦ the product has a rising income-consumption curve.
◦ a decrease in income will lead to an increase in demand for the product.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mccallkeeler on Oct 12, 2022

nora9826

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Reply #1 on: Oct 12, 2022
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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mccallkeeler

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

olderstudent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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