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A Person with a Quasilinear Utility Function Will

Question 21

Multiple Choice

A person with a quasilinear utility function will


A) have a price elasticity of demand equal to zero for some goods.
B) have an income elasticity of demand equal to one for some goods.
C) necessarily consume zero quantity of some good.
D) necessarily consume positive amounts of every good.
E) none of the above.

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