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Tragamin Tragamin
wrote...
Posts: 588
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6 years ago
Luxury goods tend to have income elasticities of demand that are
A) greater than 1.
B) greater than zero but less than 1.
C) less than the income elasticities of demand for necessary goods.
D) negative.
E) first positive and then negative as income increases.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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6 years ago
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