Both income elasticity of demand and cross-price elasticity of demand coefficients can take on negative, zero, or positive values.
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Q174: The most important determinant of price elasticity
Q175: Inferior goods have an income elasticity of
Q176: Exhibit 5-21 Q177: If output in the calculator market increases Q178: The supply curve will be more elastic Q180: Price elasticity of demand and price elasticity Q181: Suppose the income elasticity of demand for Q182: An inferior good is Q183: Demand for a necessity, such as food, Q184: As the economy recovers from a recession,
A)any good of low
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