EconHacker
A high school Economics teacher provides tips and techniques for applying economics to real life.
Sunday, December 4, 2011
Mikeroeconomics: Daily Review -- Income Elasticity
Mikeroeconomics: Daily Review -- Income Elasticity
: Can a good be both income inelastic and a normal good? My answer is "yes." If my income raises, I might buy more laundry detergent...
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