Bus rides and canned soup are inferior goods, so the ________ elasticity of demand is ________.
A) cross; positive
B) income; positive
C) income; negative
D) cross; negative

Name: Bus rides and canned soup are inferior goods, so the ________ elasticity of demand is ________. A) cross; positive B) income; positive C) income; negative D) cross; negative
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Question

Quizplus · Accepted Answer

Inferior goods have a negative income elasticity of demand, meaning that as income increases, the demand for these goods decreases.

Bus Rides and Canned Soup Are Inferior Goods, So the ________