menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics
  4. Exam
    Exam 4: Elasticity of Demand and Supply
  5. Question
    If the Percentage Change in the Quantity Demanded Is Negative
Solved

If the Percentage Change in the Quantity Demanded Is Negative

Question 69

Question 69

True/False

If the percentage change in the quantity demanded is negative while the percentage change in income is positive,the good is an inferior good.

Correct Answer:

verifed

Verified

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

Related Questions

Q64: You are the newly appointed sales manager

Q65: As price decreases along a downsloping linear

Q66: An inferior good has an income elasticity

Q67: A negative cross-price-elasticity of demand for two

Q68: Assuming pizza and hamburgers are substitutes,when the

Q70: Demand tends to be elastic at higher

Q71: If the price of shoes falls from

Q72: Tickets to a university football game always

Q73: The price of gold is volatile because

Q74: Price elasticity of supply decreases the longer

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