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Loraine Loraine
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8 years ago
Which of the following statements is correct?
A) The income elasticity of demand for inferior goods is positive.
B) The cross elasticity of demand for substitutes is negative.
C) The income elasticity of demand for normal goods is positive.
D) The cross elasticity of demand for complements is positive.
E) The income elasticity of demand for inferior goods is zero.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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#2
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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