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Asked by jkaap01
If a 20 percent increase in consumer incomes leads to a 10...
If a 20 percent increase in consumer incomes leads to a 10 percent decrease in the quantity demanded for a good, the good is a(n) ________ good with an income elasticity of ________.
inferior; -0.50
inferior ; 2.0
normal; 0.50
normal; 2.0
Solved by verified expert
Answered by pappuhaipagal
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