Goods whose income elasticity of demand is greater than zero are _____.
A)inferior goods
B)normal goods
C)luxury goods
D)superior goods
E)public goods

Name: Goods whose income elasticity of demand is greater than zero are _____. A)inferior goods B)normal goods C)luxury goods D)superior goods E)public goods
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Question

Quizplus · Accepted Answer

Goods with an income elasticity of demand greater than zero are considered normal goods, as demand for these goods increases as consumer income rises.

Goods Whose Income Elasticity of Demand Is Greater Than Zero