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If I told you that income elasticity in the market for hybrid cars is positive, you would know that:
A. there are many substitutes for hybrid cars.
B. there are few substitutes for hybrid cars.
C. hybrid cars are a normal good.
D. hybrid cars are an inferior good.

Respuesta :

The best and most correct answer among the choices provided by your question is the second choice or letter B.

If I told you that income elasticity in the market for hybrid cars is positive, you would know that: there are few substitutes for hybrid cars. 

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