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The market system

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Question 55

The income elasticity of demand for organic avocados is estimated to be +0.65. Which one of the following best describes organic avocados?

A normal good with income elastic demand

A normal good with income inelastic demand

An inferior good with income inelastic demand

An inferior good with income elastic demand

The market system Questions

  1. IGCSE
  2. /Economics
  3. /The market system