Economics

Quiz #198

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Economics Quiz - 20 Questions

1

The income effect of a price increase of a normal good is to ________ of that good and the substitution effect is to _________ of that good?
2

Inferior goods have _________ and luxury goods have _________?
3

Positive cross elasticities suggest that goods are ____ and negative cross-elasticities that goods are ?

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20 Questions

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