Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
stevengu246 stevengu246
wrote...
Go to Answer
Posts: 475
Rep: 10 0
5 years ago

Which of the following statement(s) is (are) true?



• If the own-price elasticity of demand is -1, the demand is said to be unitary elastic.

• A positively sloped Engel curve implies that the commodity is a normal good.

• An income elasticity of less than 1 indicates that the commodity is a necessity.

• All of these.
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
Read 52 times
1 Reply
Replies
Answer verified by a subject expert
peaceout3000peaceout3000
wrote...
#1
Posts: 380
Rep: 63 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

stevengu246 Author
wrote...

5 years ago
this is exactly what I needed
annakc
wrote...

Yesterday
Thanks for your help!!
Chaldoren
wrote...

2 hours ago
Brilliant ツ
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1386 People Browsing
 122 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 601
  
 7935
  
 859
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: Who will win the 2024 president election?