Which of the following goods is most likely to have a negative income elasticity of demand?

a. Automobiles
b. Bargain brand noodles
c. Shoes
d. Fine Jewelry

b

Economics

You might also like to view...

Intermediation entities include which of the following?

(a) Life and fire insurance companies (b) Stock exchanges (c) Mutual saving banks (d) All of the above

Economics

he price at the intersection of the ______ curve and the ______ curve is called the equilibrium price.

a. individual supply; market demand b. individual supply; individual demand c. market supply; individual demand d. market supply; market demand

Economics