Multiple Choice
The income elasticity of demand is
A) always positive.
B) always negative.
C) negative for a normal good and positive for an inferior good.
D) positive for a normal good and negative for an inferior good.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q448: When the price of oil is $80
Q449: A fall in the price of cabbage
Q450: A local transit authority charges $1 for
Q451: What does a horizontal demand curve indicate
Q452: The price elasticity of demand for wheat
Q454: Pizza Hut pizza has more close substitutes
Q455: If a 1 percent decrease in the
Q456: If a decrease in price increases total
Q457: Suppose the price elasticity of teenagers' demand
Q458: Suppose Sandy's Candies wants to increase its