As the income increases by 20%,the quantity demanded for snow blowers decreases by10%.Then:
A) The demand for snow blowers is income elastic
B) The demand for snow blowers is price elastic
C) The demand for snow blowers is price inelastic
D) Snow blowers are normal goods
E) Snow blowers are inferior goods

Question

Quizplus · Accepted Answer

When income increases and the quantity demanded decreases, it indicates that snow blowers are inferior goods, as people buy less of them when they have more income.

As the Income Increases by 20%,the Quantity Demanded for Snow