What happens when your income increases

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Question: 1. Name a good you consume for which your income elasticity of demand is positive. What happens when your income increases?

2. Name a good you consume for which your income elasticity of demand is negative. What happens when your income increases?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132175397

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