Exam (elaborations)
ECS1500 LATEST EXAM PACK
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ECS1500 LMultiple Choice Questions (Section A): (A) 1. A normal good is one for which the income elasticity is greater than one. a. True b. False 2. The demand for a good, perceived by the consumer to be a necessity, will tend to be elastic. a. True b. False 3. Macroeconomics is concerned w...
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