If the income elasticity of demand for a good is _____, the good is said to be _____.
A) negative; inferior
B) negative; negative
C) positive; positive
D) negative; normal

Name: If the income elasticity of demand for a good is _____, the good is said to be _____. A) negative; inferior B) negative; negative C) positive; positive D) negative; normal
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Question

Quizplus · Accepted Answer

If the income elasticity of demand for a good is negative, the good is said to be inferior.

If the Income Elasticity of Demand for a Good Is