Match the correct answer to each statement.
(a) The income elasticity of an inferior good is:
(b) The elasticity of supply in the long term is likely to be:
(c) The cross price elasticity of substitute goods is:

(i) positive
(ii) greater than one
(iii) negative

Question

Match the correct answer to each statement.
(a) The income elasticity of an inferior good is:
(b) The elasticity of supply in the long term is likely to be:
(c) The cross price elasticity of substitute goods is:

(i)	positive
(ii)	greater than one
(iii)	negative

Quizplus · Accepted Answer

The Answer of Match the correct answer to each statement.
(a) The income elasticity of an inferior good is:
(b) The elasticity of supply in the long term is likely to be:
(c) The cross price elasticity of substitute goods is:

(i)	positive
(ii)	greater than one
(iii)	negative

Match the Correct Answer to Each Statement