Super Economy Brand products have an income elasticity of -1.4.Thus,these are ________ goods.
A) necessity
B) inferior
C) luxury
D) normal
E) complementary

Question

Quizplus · Accepted Answer

Inferior goods have a negative income elasticity of demand, meaning as income increases, demand for these goods decreases. The notation "F1F1F1S1uf02dF1F1F101.4" seems to be a formatting error, but if it implies a negative elasticity, then the correct answer is "inferior" goods.

Super Economy Brand Products Have an Income Elasticity of -1