question archive The demand of good x increases when its price increases at certain market situation
The demand of good x increases when its price increases at certain market situation
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The demand of good x increases when its price increases at certain market situation. If we measure the income elasticity of the demand of good x this will be:
a. 0
b. could be positive or negative.
c. negative.
d. necessarily -1.
e. positive.
Option 1
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