True/False
When Robert's income increases,he buys more new clothes.If the income elasticity is positive,indicating a positive relationship between his income and his demand,then new clothes are a normal good for Robert.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q153: Price elasticity of demand is<br>A) the same
Q154: If demand for a good is elastic
Q155: In the long run,the price elasticity of
Q156: The short run price elasticity of demand
Q157: The price elasticity of supply measures the
Q159: If the quantity of soda demanded increases
Q160: When measured along a linear downward-sloping demand
Q161: A perfectly elastic demand curve is a
Q162: The price elasticity of demand is measured
Q163: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure