In South Africa the income elasticity of demand for paraffin in low-income house...
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In South Africa the income elasticity of demand for paraffin in low-income households has been estimated at -0,51. This implies that paraffin is a luxury good.Note, you will lose 50% of the mark for this question if you choose the incorrect option.If you are not sure about the answer and do not want to guess, choose the “Unsure” option. You will neither receive marks for the question nor will you lose marks for choosing this option.
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