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Price elasticity of demand

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Reference no: EM131571405

If price elasticity of demand is -3.196, and income elasticity is 0.221, is this a normal good, a luxury good, or a necessity?

Reference no: EM131571405

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Price elasticity of demand : If price elasticity of demand is -3.196, and income elasticity is 0.221, is this a normal good, a luxury good, or a necessity?
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