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Economics 1st Edition by Dean Karlan,Jonathan Morduch
النسخة 1الرقم المعياري الدولي: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
النسخة 1الرقم المعياري الدولي: 978-0073511498 تمرين 15
In each of the following instances, determine whether the good is normal or inferior, and whether it is income-elastic or income-inelastic.
a. If income increases by 10 percent and the quantity demanded of a good increases by 5 percent, the good is and.
b. If income increases by 10 percent and the quantity demanded of a good decreases by 20 percent, the good is ___ and ___.
a. If income increases by 10 percent and the quantity demanded of a good increases by 5 percent, the good is and.
b. If income increases by 10 percent and the quantity demanded of a good decreases by 20 percent, the good is ___ and ___.
التوضيح
موثّق
موثّق
a. Given Information:
• Income rises by...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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