Question: Correct Mark 1.00 out of 1.00 Flag question Question text As macroeconomic conditions improve and consumers' incomes and wealth increase, their demand for many products

Correct Mark 1.00 out of 1.00 Flag question Question text As macroeconomic conditions improve and consumers' incomes and wealth increase, their demand for many products tends to become ________ price inelastic. As such, the ability of firms to mark up price above cost will ________

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