Top Posters
Since Sunday
s
3
v
3
p
3
m
2
s
2
d
2
N
2
d
2
e
2
s
2
s
2
e
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Laurent Laurent
wrote...
Go to Answer
Posts: 803
Rep: 1 0
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:
Read 130 times
1 Reply
Replies
Answer verified by a subject expert
holymanholyman
wrote...
#1
Top Poster
Posts: 803
Rep: 21 0
6 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

Laurent Author
wrote...

6 years ago
This site is awesome
ethom947
wrote...

Yesterday
Thanks
bioc
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1346 People Browsing
 103 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 611
  
 334
  
 312
Your Opinion
Previous poll results: Do you believe in global warming?