If a good is inferior,its
A)Cross-price elasticity is negative.
B)Price elasticity of demand is negative.
C)Income elasticity of demand is positive.
D)Income elasticity of demand is negative.

Question

Quizplus · Accepted Answer

If a good is inferior, it means that its demand decreases as income increases. This is reflected in a negative income elasticity of demand, which makes option D the correct answer. The other options are not applicable to goods that are considered inferior.

If a Good Is Inferior,its