Essay
If the income elasticity of demand for a good is positive, the good is said to be:
A.an inferior good.
B.a substitute good.
C.a normal good.
D.a positive good.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q171: Since for most people, eating in restaurants
Q259: The percent change in quantity demanded divided
Q260: Figure: The Demand Curve<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt="Figure:
Q261: If your income increases and your consumption
Q262: A group of dairy farmers is trying
Q263: In general, we would predict demand for
Q265: Suppose the cross-price elasticity between two goods
Q266: What would happen in the market for
Q268: (Table: Johnson's Income and Expenditures) Look again
Q269: Which of the following is true about