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Homework answers / question archive / If a person's income rises and they do not increase their consumption, we can conclude that: A

If a person's income rises and they do not increase their consumption, we can conclude that: A

Economics

If a person's income rises and they do not increase their consumption, we can conclude that:

A. the good is not inferior.

B. their income elasticity of demand is zero.

C. the good is not normal.

D. no conclusions can be made without knowing the person's initial income and consumption levels.

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