If the income elasticity of demand for a good is negative, the good is said to be:
A.an inferior good.
B.a negative good.
C.a positive good.
D.a normal good.

Name: If the income elasticity of demand for a good is negative, the good is said to be: A.an inferior good. B.a negative good. C.a positive good. D.a normal good.
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Quizplus · Accepted Answer

The Answer of If the income elasticity of demand for a good is negative, the good is said to be:
A.an inferior good.
B.a negative good.
C.a positive good.
D.a normal good.

If the Income Elasticity of Demand for a Good Is