Answered: The pasta just described is a(n): O…

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The pasta just described is a(n): O elastic good

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 15CTQ: Income Effects depend on the income elasticity of demand for each good limit you buy. If one of the...

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More than one answer can be correct. When incomes in a given country rose by 14%, demand for a certain type of pasta fell by 8%

The pasta just described is a(n):
elastic good
O luxury good
normal good
inferior good
O inelastic good
substitute
complement
O unit elastic good

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