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nguyenduong67 nguyenduong67
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6 years ago
Suppose that the income elasticity of demand for frozen dinners is negative. Other things being equal, which of the following statements is INCORRECT?
A) There exists a negative relationship between income and the demand for frozen dinners.
B) Frozen dinners are an inferior good.
C) The quantity demanded of frozen dinners increases as a consumer's income declines.
D) The share of income spent on good X must decrease as a consumer's income decreases.
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Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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6 years ago
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nguyenduong67 Author
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6 years ago
Thank you, thank you, thank you!
ofsuahasiufhoas
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Yesterday
Correct Slight Smile TY
shelbycox
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2 hours ago
Smart ... Thanks!
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