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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
النسخة 1الرقم المعياري الدولي: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
النسخة 1الرقم المعياري الدولي: 978-0077332648 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 _____.
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a.Given Information:
• Income rises by ...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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