If our income elasticity for vacation trips is 2.8, we may conclude that vacation trips are ______.

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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

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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If our income elasticity for vacation trips is 2.8, we may conclude that vacation trips are ______.

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Microeconomics

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