If the income elasticity of demand for spaghetti is -1.3, then spaghetti
A) is a normal good.
B) is an inferior good.
C) has an elastic demand.
D) is income elastic.
B
Economics
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If the Fed wants to lower the federal funds rate through open market operations, it ________
A) decreases tax rates B) increases tax rates C) sells bonds D) buys bonds
Economics
A tax hike ________ aggregate demand and ________ aggregate supply
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases E) does not change;increases
Economics