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Lauren1 Lauren1
wrote...
Posts: 4120
9 years ago
When consumers' incomes increased 10 percent, the quantity of milk bought increased 5 percent. This result means
A) the demand for milk is income elastic.
B) milk is a necessity.
C) milk is a luxury.
D) milk is an inferior good.
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Answer accepted by topic starter
MrDerecheMrDereche
wrote...
Top Poster
Posts: 4095
9 years ago
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paperchase,  sydwag

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Lauren1 Author
wrote...
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
9 years ago
You're welcome!
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