2. Which of the following should be held constant when calculating an income elasticity of demand? a income b. the price of the good c. the quantity of the good demanded d. All of the above should be held constant.
2. Which of the following should be held constant when calculating an income elasticity of demand? a income b. the price of the good c. the quantity of the good demanded d. All of the above should be held constant.
Chapter2: Production Possibilities Frontier Framework
Section: Chapter Questions
Problem 3WNG
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