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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1278435
Introduction to Economics 1 Deneme Sınavı Sorusu #1278435
For a normal good, which of the following is true?
Income elasticity is zero |
Income elasticity is less than zero |
Income elasticity is greater than zero |
Price elasticity is zero |
Price elasticity is greater than zero |
Yanıt Açıklaması:
For normal goods,the income elasticity is greater than zero and price elasticity is negative
For inferior goods,the income elasticity is less than zero. Answer is C.
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