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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

What do we call a good with an income elasticity less than zero?

To determine
An inferior good and its income elasticity.

Explanation

Inferior good is a good whose income elasticity is less than zero...

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