The income elasticity of demand can never exceed, in absolute terms, two times the price elasticity of demand, if the good in question is a superior good
The income elasticity of demand can never exceed, in absolute terms,
two times the price elasticity of demand, if the good in question is a superior good
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The post The income elasticity of demand can never exceed, in absolute terms, two times the price elasticity of demand, if the good in question is a superior good appeared first on Superb Professors.
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