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ECON2301 Chapter 6 Quiz with complete answers 2021
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ECON2301 Chapter 6 Quiz with complete answers 2021 Which of the following statements is false? a. If the income elasticity of demand for a good is less than 1, the demand for the good is income inelastic. b. If the income elasticity of demand for a good is greater than 1, the demand for the good is income elastic. c. If the income elasticity of demand for a good is equal to 1, the demand for the good is income unit elastic. d. If the income elasticity of demand for a good i...
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