Learn: Income Elasticity of Demand - Normal vs Inferior Goods
AQA A level economics 7136 specification
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Which statement best describes income elasticity of demand?
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Normal goods have a {{blank0}} income elasticity of demand, meaning demand {{blank1}} as income rises.
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Which of the following are examples of inferior goods? (Select all that apply)
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Which type of good has a negative income elasticity of demand?
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