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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
For most goods, the sign of income elasticity is positive-an increase in income leads to [...] in demand. Goods for which this is the case are termed normal goods.
Answer
an increase

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
For most goods, the sign of income elasticity is positive-an increase in income leads to [...] in demand. Goods for which this is the case are termed normal goods.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
For most goods, the sign of income elasticity is positive-an increase in income leads to [...] in demand. Goods for which this is the case are termed normal goods.
Answer
an increase
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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.

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p35

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