Beef has a positive income elasticity in algeria what would, Ask an Expert

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Beef has a positive income elasticity in Algeria. What would happen in the Algerian beef market if an economic recovery increased incomes?

a. Demand would shift out (or shift up/right), price would increase, and quantity would increase

b. Demand would shift out (or shift up/right), price would decrease, and quantity would increase

c. Demand would shift in (or shift down/left), price would decrease, and quantity would decrease

d. Demand would shift in (or shift down/left), price would increase, and quantity would decrease

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91676372

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