A goods can be considered inferior goods in economics if increase in disposal income of the consumer causes

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• A goods can be considered a normal goods in economics if increase in disposal income of the consumer causes
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• If the disposal income of a household increases by 10% and the demand for X commodity increased by 10% the income elasticity of X is
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• The field of economics that is now called Macroeconomics grew out of the era of the Great Depression, which saw the economy experience a prolonged downturn and persistent high unemployment. Classical economics could not explain these problems because its models assumed all of the following EXCEPT