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QUESTION 38 Table 1 The following information is provided for Tony Romos income and expenditures Quantity Purchased Per Month Monthly Income $2,000 $3,000 Steaks Pizzas 4 In TABLE 1, Tonys income elasticity of demand for steaks is: 1.0 Greater than 1.0 Less than 1.0 Zero QUESTION 39 In TABLE 1, pizzas are classified as a (n): Normal good Positive good Inferior goods Marginal good
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