Income elasticity of demand for a normal good is always
A)less than zero.
B)greater than zero.
C)equal to zero.
D)less than one.

Name: Income elasticity of demand for a normal good is always A)less than zero. B)greater than zero. C)equal to zero. D)less than one.
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Question

Quizplus · Accepted Answer

Income elasticity of demand for a normal good is always greater than zero, indicating that as income increases, the demand for the good increases.

Income Elasticity of Demand for a Normal Good Is Always