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The Figure Given Below Shows the Demand Curves for Five

Question 97

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1    -When the income elasticity of demand for a good is negative, one can correctly conclude that: A) the good is a normal good. B) the good is an inferior good. C) the good is a substitute. D) the good is a complement. E) total revenue will decrease when the price increases.
-When the income elasticity of demand for a good is negative, one can correctly conclude that:


A) the good is a normal good.
B) the good is an inferior good.
C) the good is a substitute.
D) the good is a complement.
E) total revenue will decrease when the price increases.

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