Which of the following statement(s) is (are) true?
A) If the income elasticity of demand for a product is negative, then the good is labeled an inferior good.
B) If the income elasticity of demand for a product is greater than 1, then the good is labeled a necessity.
C) If the cross-price elasticity of demand between two goods is negative, then the two good are complements.
D) Both A and C
Answer: D
Economics
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Fill in the blank(s) with the appropriate word(s).
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Decrease in stock market wealth will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
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