menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 5: Elasticities of Demand and Supply
  5. Question
    A Product That Has a Negative Income Elasticity of Demand
Solved

A Product That Has a Negative Income Elasticity of Demand

Question 87

Question 87

Multiple Choice

A product that has a negative income elasticity of demand is ________ good.


A) a complementary
B) a substitute
C) a normal
D) an inferior
E) a negative

Correct Answer:

verifed

Verified

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

Related Questions

Q82: The income elasticity of demand is a

Q83: What is an inferior good?<br>A) a product

Q84: During last year the price of regular

Q86: The price elasticity of supply measures<br>A) the

Q89: When income increases from $30,000 a year

Q90: The price of furnace filters increased by

Q91: A Minnesota snowmobile dealer lowers its prices

Q92: Suppose Starbucks currently charges $3.25 per cup

Q145: The price elasticity of demand is always

Q146: Water is considered a necessity. So, is

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