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AP Microeconomics: Elasticity

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Last update by swtxhunnie on 05/07/2009
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AP Microeconomics  Elasticity
AP Microeconomics: Elasticity
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to review the concept of elasticity in preparation for the AP Microeconomics exam
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Free Flashcard From AP Microeconomics: Elasticity
Question: If a good is a normal good, what will happen to the quantity demanded of the good as income decreases?
Answer: It will decrease.