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Other Fields Homework Help Economics Topic started by: Tragamin on Dec 28, 2017



Title: Luxury goods tend to have income elasticities of demand that are
Post by: Tragamin on Dec 28, 2017
Luxury goods tend to have income elasticities of demand that are
A) greater than 1.
B) greater than zero but less than 1.
C) less than the income elasticities of demand for necessary goods.
D) negative.
E) first positive and then negative as income increases.


Title: Re: Luxury goods tend to have income elasticities of demand that are
Post by: ediww on Dec 28, 2017
A