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If for good Z income elasticity is less than 1 but greater than zero, then demand for good Z is ...

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If for good Z income elasticity is less than 1 but greater than zero, then demand for good Z is ...

If for good Z income elasticity is less than 1 but greater than zero, then demand for good Z is income __________, and good Z is a(n) __________ good.

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inelastic; normal

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inelastic; inferior

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elastic; normal

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elastic; an inferior

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unit elastic; normal

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Economics

Edition: 12^th

Author: Arnold

Read 43 times

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Thanks

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