If the income elasticity of demand is greater than zero, does this indicate the product is normal

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If the income elasticity of demand is greater than zero, does this indicate the product is normal or inferior? Why?

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Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

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Question Posted: Dec 29, 2023 07:47 AM

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If the income elasticity of demand is greater than zero, does this indicate the product is normal

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Normal because as income increases in t...View the full answer

Survey Of Economics

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