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PaulKet PaulKet
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Posts: 488
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6 years ago
Suppose the quantity of x is measured on the horizontal axis. If the income consumption curve is vertical, then the income elasticity of demand for x is
A) 0.
B) 1.
C) -1.
D) There is not enough information to determine the income elasticity of demand for x.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 45 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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RumkoRumko
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Posts: 279
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6 years ago
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PaulKet Author
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#2
5 years ago
Really helpful, thank you so very much Smiling Face with Open Mouth
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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