If a good is inferior, then it has an income elasticity of demand that is
A) equal to zero.
B) greater than zero.
C) less than zero.
D) greater than one.
E) undefined.
C
Economics
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Discuss the national security argument as a case against free trade. What is the problem with this argument?
What will be an ideal response?
Economics
Automatic stabilizers are
A) provisions that cause changes in government spending and taxes without new action by Congress or the President. B) policies set by certain committees in Congress. C) tools used by the President's Council of Economic Advisers. D) provisions that cause the aggregate supply curve to be upward sloping.
Economics