How do you think income elasticity affects a normal good


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Respond to the following in a minimum of 175 words:

o How do you think income elasticity affects a normal good versus an inferior good? Provide a real-world example.

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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Microeconomics: How do you think income elasticity affects a normal good
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