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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 35
If a good is inferior in an economic sense
A) it is demand price elastic.
B) it is demand price inelastic.
C) the income elasticity of demand is negative.
D) it is a low-quality good.
A) it is demand price elastic.
B) it is demand price inelastic.
C) the income elasticity of demand is negative.
D) it is a low-quality good.
Explanation
Verified
Verified
Hence, in this case the income...
Economics for Today 9th Edition by Irvin Tucker
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