For which of the following goods is the income elasticity of demand likely to be largest?
a. paperback mystery stories
b. best-selling hardcover novels
c. used textbooks
d. children's books
e. leather-bound editions of Shakespeare
E
Economics
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a. True b. False Indicate whether the statement is true or false
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Unemployment, especially in the long term, tends to increase the faith people have in social institutions such as government
a. True b. False Indicate whether the statement is true or false
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