A good is said to be both normal and a necessity if the income elasticity of demand is greater than 1.0.

Lopezj273

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A good is said to be both normal and a necessity if the income elasticity of demand is greater than 1.0.

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Textbook

Introduction to Agricultural Economics

Edition: 7^th

Authors: Penson, Rosson, Woodward

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Lopezj273 Author

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