14 The income elasticity of demand for Excursions is 2 15, and the income elasticity of demand for comforters is 0 80 Based on these estimates, Excursions are a(n) comforters are a(n) and inferior good luxury good normal good luxury good O luxury good normal good O normal good inferior good 14 The...

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14. The income elasticity of demand for Excursions is 2.15, and the income elasticity of demand...

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Managerial economics applications strategy and tactics

ISBN: 978-1439079232

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Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris

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