It has been established that the income elasticity of knowledge-intensive goods is expected to be: ZERO less than unity unity greater than unity
It has been established that the income elasticity of knowledge-intensive goods is expected to be: ZERO less than unity unity greater than unity
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 6E
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It has been established that the income elasticity of knowledge-intensive goods is expected to be:
- ZERO
- less than unity
- unity
- greater than unity
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