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Laurent Laurent
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6 years ago
If a 4 percent increase in income causes a 2 percent increase in the consumption of pencils then
A) the income elasticity of demand for pencils is negative.
B) pencils are a necessity and a normal good.
C) pencils are a luxury and a normal good.
D) pencils are an inferior good.
E) both A and D.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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6 years ago
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Laurent Author
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6 years ago
You make an excellent tutor!
mikeh209
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Yesterday
Just got PERFECT on my quiz
Mcb
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2 hours ago
Smart ... Thanks!
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