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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 31
If bus travel is an inferior good, then its income elasticity of demand will be
A) strictly greater than 1.
B) positive.
C) equal to zero.
D) negative.
A) strictly greater than 1.
B) positive.
C) equal to zero.
D) negative.
Explanation
Verified
Verified
Hence, in this case the income...
Economics for Today 9th Edition by Irvin Tucker
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