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Question 9 If the income elasticity of demand for a good is 0.5. then it is a normal good, and its demand curve will shi
Posted: Fri Jul 01, 2022 7:54 am
by answerhappygod
- Question 9 If The Income Elasticity Of Demand For A Good Is 0 5 Then It Is A Normal Good And Its Demand Curve Will Shi 1 (29.03 KiB) Viewed 40 times
Question 9 If the income elasticity of demand for a good is 0.5. then it is a normal good, and its demand curve will shift to the left if buyers' incomes increase it is a normal good, and its demand curve will shift to the right if buyers' incomes increase it is an inferior good, and its demand curve will shift to the right if buyers' incomes increase it is an inferior good, and its demand curve will shift to the left if buyers' incomes increase there is insufficient information to determine whether the good is normal or inferior