Give an example of a normal good what is the income, Macroeconomics

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Give an example of a normal good what is the income

Question: Give an example of a normal good. What is the income elasticity of a normal good? Give an example of a luxury good. What is the income elasticity of a luxury good? Give an example of a necessity. What is the income elasticity of a necessity? Give an example of an inferior good. What is the income elasticity of an inferior good?

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Macroeconomics: Give an example of a normal good what is the income

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Macroeconomics: Give an example of a normal good what is the income

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