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United StatesMicroeconomicsQuick questions

Unit 2: Supply and Demand

Quick questions on Other Elasticities - AP Microeconomics Topic 2.5

2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?
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A good has an income elasticity of demand of 0.5-0.5. State whether it is normal or inferior. [1 point]
What is q2?
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The cross-price elasticity between two goods is +1.8+1.8. State the relationship between them. [1 point]

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