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Karen Garcia is seeking references' comments on applicants for jobs with her business. The former employers and other parties she calls seem reluctant to do more than verify dates of employment. A probable reason for their reluctance is that
Income Elasticity
A measure of how much the demand for a good or service changes in response to a change in consumers’ income.
Normal Good
A type of good for which demand increases as consumer income rises, and decreases as consumer income falls.
Income Elasticity
Income elasticity of demand measures how much the quantity demanded of a good changes as consumer income changes.
Low-quality Beef
This refers to beef that does not meet certain standards of texture, flavor, or nutritional value.
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