menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 13
  4. Exam
    Exam 6: Elasticity
  5. Question
    For Which Product Is the Income Elasticity of Demand Most
Solved

For Which Product Is the Income Elasticity of Demand Most

Question 189

Question 189

Multiple Choice

For which product is the income elasticity of demand most likely to be negative?


A) computer software
B) used clothing
C) apps for iPads
D) bread

Correct Answer:

verifed

Verified

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

Related Questions

Q90: The formula for cross elasticity of demand

Q123: The cross elasticity of demand between digital

Q133: We would expect the cross elasticity of

Q146: A cross elasticity of demand coefficient of

Q169: Price elasticity of demand is generally<br>A)greater in

Q186: Assume that a 6 percent increase in

Q190: Suppose the price of local cable TV

Q194: If a 10 percent increase in the

Q263: If the price-elasticity coefficient for a product

Q390: The larger the coefficient of price elasticity

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