Question Details

Economics Homework Help

Question

This Question: 1 pt 4 of 12 An inferior good is A. one for which the quantity demanded decreases as income increases O B. a good that can be used in place of another good O C. one for which the quantity demanded increases as income increases 0 D, a good that is used in conjunction with another good A normal good is A. a good that can be used in place of another good one for which the quantity demanded increases as income increases one for which the quantity demanded decreases as income increases a good that is used in conjunction with another good O B. O C. D. A good that has an income elasticity of demand greater than 1 is A. B. O c. O D. an inferior good with an income inelastic demand a normal good with an income inelastic demand an inferior good with an income elastic demand a normal good with an income elastic demand