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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 60
If our income elasticity for vacation trips is 2.8, we may conclude that vacation trips are __________
A) a normal service
B) an inferior service
C) both a normal service and an inferior service
D) neither a normal service nor an inferior service
A) a normal service
B) an inferior service
C) both a normal service and an inferior service
D) neither a normal service nor an inferior service
Explanation
Verified
Verified
A positive income elasticity of demand g...
Microeconomics 9th Edition by Stephen Slavin
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