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Title: If the income elasticity of demand for a product is -0.5, then Post by: stars_and_moon on Jul 20, 2016 If the income elasticity of demand for a product is -0.5, then
A) the product is an inferior good. B) the income elasticity is inelastic. C) poor people buy more of the good than rich people. D) all of the above Title: Re: If the income elasticity of demand for a product is -0.5, then Post by: kingby on Aug 9, 2016 Content hidden
Title: Re: If the income elasticity of demand for a product is -0.5, then Post by: stars_and_moon on Aug 17, 2016 Incredible!
Title: Re: If the income elasticity of demand for a product is -0.5, then Post by: kingby on Aug 18, 2016 I instantly knew the answer when I read the question, happy to help
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