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Unformatted text preview: (Include formula.) (c) Classify goods A and C. Explain the relationship, if any, between these two goods. (d) Calculate the income elasticity for good C. (Again, include the appropriately specified formula.) (e) Classify good B as it relates to the consumers income. Explain how you reached this conclusion. 2...
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This note was uploaded on 10/26/2009 for the course ECON 180-004-20 taught by Professor Bresnock during the Fall '09 term at UCLA.
- Fall '09