Business
Business, 21.02.2020 23:51, potato3999

You own a bagel shop on College Ave. You hear a news report that says that consumer income has risen by 10%. After this report you notice that the amount of bagels you sell has increased by 20%. In this case the income elasticity of demand is positive, meaning that bagels are an inferior good negative, meaning that bagels are an inferior good negative, meaning that bagels are a normal good positive, meaning that bagels are a normal good

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You own a bagel shop on College Ave. You hear a news report that says that consumer income has risen...

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