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Assume that a 4 percent increase in income results in a 2 percent increase in the quantity demanded of a good. The income elasticity of demand for the good is_________.

Assume that a 4 percent increase in income results in a 2 percent increase in the quantity demanded of a good. The income elasticity of demand for the good is_________.

发布时间:2025-10-14 21:09:21
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答案:positive and therefore the good is a normal good
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