An inferior good is a good whose income elasticity of demand is less than 0

Indicate whether the statement is true or false

TRUE

Economics

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The short-run Phillips curve is ________, and the long-run Phillips curve is ________

A) downward sloping; downward sloping B) downward sloping; vertical C) vertical; downward sloping D) vertical; upward sloping E) upward sloping; vertical

Economics

When a supervisor administer a questionnaire among participants that have never met it is called

a. brainstorming b. sampling c. delphi technique d. groupthink

Economics