Discuss income elasticity as it pertains to inferior goods
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What is the consumer price index (CPI)? How is it measured? What are the pros and cons of using the CPI as a measure of the cost of living?
a)what is equilibrium level of national income using table above b)at the equilibrium level of national income what will consumption expenditure be c)at the equilibrium level of national income what will the levelof saving be
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Discuss income elasticity as it pertains to inferior goods and to normal goods (sometimes also called superior goods).
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10 M solution of chloroacetic acid, ClCH2CO2H, has a pH of 1.95. calculate Ka for the acid.
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