Problem1 name a good you consume for which your income, Ask an Expert

Economics

Problem

1. Name a good you consume for which your income elasticity of demand is positive. What happens when your income increases?

2. Name a good you consume for which your income elasticity of demand is negative. What happens when your income increases?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92754795

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