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The Figure Given Below Shows the Demand Curves for Five

question 81

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The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1    -Income elasticity of demand is expected to be _____. A) relatively high for necessities B) positive for most products C) relatively low for luxuries D) negative for most products E) zero for most products
-Income elasticity of demand is expected to be _____.


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