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Title: If a 4 percent decrease in income causes a 2 percent decrease in the consumption of pencils then: Post by: Laurent on Dec 28, 2017 If a 4 percent decrease in income causes a 2 percent decrease in the consumption of pencils then
A) the income elasticity of demand for pencils is negative. B) pencils are a necessity and a normal good. C) pencils are a luxury and a normal good. D) pencils are an inferior good. E) both A and D. Title: Re: If a 4 percent decrease in income causes a 2 percent decrease in the consumption of pencils then ... Post by: Aryan on Dec 28, 2017 Content hidden
Title: Re: If a 4 percent decrease in income causes a 2 percent decrease in the consumption of pencils then Post by: Laurent on Jul 23, 2018 Wow, seems easier than I expected
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