Multiple Choice
If a good is normal,its
A) Price elasticity of demand is positive.
B) Income elasticity of demand is negative.
C) Income elasticity of demand is positive.
D) Cross-price elasticity is positive.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q21: Which of the following is most likely
Q22: If demand is very inelastic,<br>A)The demand curve
Q23: Suppose the quantity demanded of ski boats
Q24: Ceteris paribus,which of the following causes demand
Q25: In Figure 20.1,at what price is the
Q27: In the $80 to $40 price range
Q28: The demand for normal goods<br>A)Rises when incomes
Q29: Total revenue is<br>A)Price times income.<br>B)Quantity sold times
Q30: Elasticity of supply looks at<br>A)How responsive producers
Q31: The price elasticity of supply will always