Demand and Supply MCQs

In the case of an inferior good, the income elasticity of demand is

September 27, 2022

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In the case of an inferior good, the income elasticity of demand is

Q. In the case of an inferior good, the income elasticity of demand is:

A. Positive

B. Zero

C. Negative

D. Infinite

Answer: Negative

In the case of an inferior good, the income elasticity of demand is

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