ECON 201
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ECON 201 Exam 1 (Ball State University) Questions & Answers: Updated Solution
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What is a necessity good? 
(Ans- when the IED is less than 1. 
What is a luxury good? 
(Ans- when the IED is greater than 1. 
Cross Price Elasticity of Demand (CPED) 
(Ans- (% change in Qd of good 1) / (% change in P of good 2) 
What is perfectly inelastic? 
(Ans- when the supply or demand elasticity equals 0; the curve is a 
vertical line. 
What is inelastic? 
(Ans- when supply or demand elasticity is less than 1 
What is unit elastic? 
(Ans- when supply or demand elasticity equals 1What is ela...
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ECON 201: Econ 201 Exam 1:Econ 201 Exam 2:Econ 201 Exam 3:Econ 201 Exam 4: ECON 201 Midterm Exam:ECON 201 Final Exam:ECON 201 JMU Exam:Economics 201 Final Exam: Updated A Score Solutions
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Econ 201 Exam 1:Econ 201 Exam 2:Econ 201 Exam 3:Econ 201 Exam 4: ECON 201 Midterm Exam:ECON 201 Final Exam:ECON 201 JMU Exam:Economics 201 Final Exam: Updated A Score Solutions
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COMPLETE BUNDLE-::BALL STATE UNIVERSITY EXAMS(100% SOLVED)
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Ball State BIO 254 Exam 1 Study Guide | Questions And Answers
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Ball State COMM 210 Final Exam | Questions And Answers
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Ball State FIN 101 Exam 1 (Olga) | Questions And Answers
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Ball State FIN 101 Exam 3 (Olga) | Questions And Answers
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Ball State ISOM 125 final Exam
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