If the coefficient is greater than 0, the good is a normal good.
If the coefficient is less than 0, the good is an inferior good.
If it is greater than 1, the good is a luxury
If it is less than 1, the good is a necessity
Faimus answered the question on January 16, 2019 at 19:43
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Date posted:
January 16, 2019
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Answers (1)
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Date posted:
January 16, 2019
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Date posted:
January 16, 2019
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Date posted:
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