Multiple Choice
Most goods can be classified as normal goods rather than inferior goods. The definition of a normal good suggests that
A) the income elasticity of demand for the good is negative.
B) the price elasticity of demand for the good is negative.
C) the income elasticity for the good is greater than 0.
D) the cross elasticity of demand for the good is positive.
Correct Answer:

Verified
Correct Answer:
Verified
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