If the income elasticity of demand for a good is positive, the good is a normal good
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Of the following, which determines the price a price searcher will be able to charge?
A) The costs of capital B) The costs of labor C) Advertising costs D) Demand E) A, B, and C above.
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What is meant by terms of trade? How is it determined?
What will be an ideal response?
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