Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 15CTQ: Income Effects depend on the income elasticity of demand for each good limit you buy. If one of the...
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Question
49
![49. In case of inferior goods, the
income elasticity is
A. O Zero
B. O Positive
C. O Negative
D. O None](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6248d903-8cf9-476e-85da-4befe6470661%2Fcd7acfbe-1869-4a78-a3c4-91b2b61d4b95%2Fzuvrsbb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:49. In case of inferior goods, the
income elasticity is
A. O Zero
B. O Positive
C. O Negative
D. O None
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