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Home Q & A Board Other Fields Homework Help Business Economics
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hiusy98 hiusy98
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7 years ago
Assume the income elasticity of a good has been calculated to be +0.83. Based on this information, we can infer that the good is:
A) a normal good and a luxury.
B) an inferior good and a necessity.
C) a normal good and a necessity.
D) an inferior good and a luxury.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 598 times
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andyborziandyborzi
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7 years ago
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hiusy98 Author
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#2
7 years ago
Needed these to complete my project
wrote...
#3
5 years ago
Thanks!
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