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Which of the following goods is likely to have an income elasticity of demand greater than one?

AndrewKraus

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Which of the following goods is likely to have an income elasticity of demand greater than one?

Which of the following goods is likely to have an income elasticity of demand greater than one?
A) Salt
B) Gasoline
C) Diamond jewelry
D) Bread

Textbook

Microeconomics

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

Read 72 times

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