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There are certain goods whose demand shall increase with income up to a certain point, then remain constant. In such a case, the good is called

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Elasticity

Section: Chapter Questions

Problem 1QP

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There are certain goods whose demand shall
increase with income up to a certain point, then
remain constant. In such a case, the good is
called

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