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jtfortwengler jtfortwengler
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A year ago
If per capita income increases by 10% and household expenditure on fur coats increases by 15%, one can conclude that the price elasticity of demand for fur coats is

▸ positive.

▸ elastic.

▸ unity.

▸ inelastic.

▸ not determinable from the information given.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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CodybarnesCodybarnes
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A year ago
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jtfortwengler Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
ezsancheezy
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Yesterday
Just got PERFECT on my quiz
smi3
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2 hours ago
Thank you, thank you, thank you!
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