menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 5: Elasticity
  5. Question
    A Positive Income Elasticity Value Indicates That the Good Is
Solved

A Positive Income Elasticity Value Indicates That the Good Is

Question 43

Question 43

True/False

A positive income elasticity value indicates that the good is a normal good.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q38: The price elasticity of demand for kale

Q39: A mass transit authority charges bus fares

Q40: If a firm wants to increase revenue,

Q41: If the quantity of pineapples demanded increases

Q42: When demand is elastic, an increase in

Q44: The income elasticity of demand for education

Q45: Price elasticity of demand is calculated as

Q46: Price and total revenue are inversely related

Q47: Demand determines _ entirely when _ is

Q48: If the quantity of pretzels demanded decreases

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines