When consumers' incomes increased 10 percent, the quantity of milk bought increased 5 percent. This result means

A) the demand for milk is income elastic.
B) milk is a necessity.
C) milk is a luxury.
D) milk is an inferior good.

B

Economics

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Indicate whether the statement is true or false

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Governments that steal from their own citizens are known as ________

A) pure democracies B) kleptocracies C) Mugabes D) antediluvians

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