A product that has a negative income elasticity of demand is ________ good
A) a complementary
B) a substitute
C) a normal
D) an inferior
E) a negative
D
Economics
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_____ is (are) the buying and selling of U.S. government securities.
a) The discount rate b) The federal funds rate c) Reserve requirements d) Open market operations
Economics
When total revenue reaches its peak (elasticity equals 1), marginal revenue reaches
A) 1. B) zero. C) -1. D) Cannot be determined from the information provided
Economics