Multiple Choice
If a good is _______,the income effect is negative for a price increase and positive for a price decrease.
A) Inferior
B) Superior
C) Normal
D) Giffen
Correct Answer:
Verified
Related Questions
If a good is _______,the income effect is negative for a price increase and positive for a price decrease.
A) Inferior
B) Superior
C) Normal
D) Giffen
Correct Answer:
Verified