menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Economics Study Set 2
  4. Exam
    Exam 6: Simple Pricing
  5. Question
    Which of the Following Goods Have a Negative Income Elasticity
Solved

Which of the Following Goods Have a Negative Income Elasticity

Question 47

Question 47

Multiple Choice

Which of the following goods have a negative income elasticity of demand?


A) Cars
B) Items from Dollar stores
C) Shoes
D) Bread

Correct Answer:

verifed

Verified

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

Related Questions

Q14: ​For complements,cross price elasticity of demand is:<br>A)​Negative<br>B)Positive<br>C)between

Q40: Which of the following statement is true?<br>A)The

Q41: Total revenue falls as the price of

Q42: Jim saw a decrease in the quantity

Q44: Use the following information to answer the

Q45: If potatoes are inferior goods,which of the

Q46: In 2011,Netflix raised prices on its DVDs

Q50: A demand for a product is more

Q56: ​A price elasticity of demand of 2.3

Q87: ​In general,the larger the price elasticity:<br>A)​the smaller

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