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Business, 22.06.2019 20:10 fatty18

Which of the following is​ true? a. income elasticity is negative for inferior goods where the quantity demanded rises as income falls. b. income elasticity is positive for normal goods where the quantity demanded rises as income rises. c. income elasticity is negative for inferior goods where the quantity demanded falls as income rises. d. income elasticity is positive for normal goods where the quantity demanded falls as income falls.

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