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If the Income Elasticity of Demand for a Good Is

question 164

Essay

If the income elasticity of demand for a good is _______, the good is said to be _.
A.positive; inferior good
B.negative; substitute good
C.positive; normal good
D.positive; positive good


Definitions:

Methanol

A simple alcohol with the formula CH3OH, used as a solvent, antifreeze, fuel, and as feedstock for the production of chemicals.

Major Organic Products

Primary substances formed as a result of organic reactions, often the focus of synthesis goals.

Major Product

The compound that is formed in the greatest yield in a chemical reaction, as predicted by the reaction mechanism.

Reaction

A process in which substances interact to form one or more new substances with different properties.

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