What does it mean to say that the income elasticity of demand for a good is less

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What does it mean to say that the income elasticity of demand for a good is less than 1?

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:36 AM

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What does it mean to say that the income elasticity of demand for a good is less

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Economics

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