#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
For most goods, the sign of income elasticity is positive-an increase in income leads to an increase in quantity demanded. Goods for which this is the case are termed normal goods.
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iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p35
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