Introduction to Economics 1 Deneme Sınavı Sorusu #1278435

For a normal good, which of the following is true?


Income elasticity is zero

Income elasticity is less than zero

Income elasticity is greater than zero

Price elasticity is zero

Price elasticity is greater than zero


Yanıt Açıklaması:

For normal goods,the income elasticity is greater than zero and price elasticity is negative
For inferior goods,the income elasticity is less than zero. Answer is C.

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