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The demand for farm goods is income inelastic if the percentage change in quantity demanded is ...

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The demand for farm goods is income inelastic if the percentage change in quantity demanded is ...

The demand for farm goods is income inelastic if the percentage change in quantity demanded is __________ the percentage change in __________.

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greater than; income

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equal to; income

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less than; income

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greater than; revenue

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less than; revenue

Textbook

Economics

Edition: 12^th

Author: Arnold

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