If the income elasticity of a good is ?1.8, this means this good is a(n):

A. luxury good.
B. substitute good.
C. complementary good.
D. inferior good.

Answer: D

Economics

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An example of a "contractual saving" financial intermediary is

A) a commercial bank. B) an insurance company. C) a money market mutual fund. D) a credit union.

Economics

Suppose a college increases the wages paid to student employees. Which of the following options is the best description of the most likely effect of the increase in wage earnings on the demand curve for school sweatshirts in the bookstore?

A) The demand curve shifts to the right. B) The demand curve shifts to the left. C) a leftward movement along the demand curve D) a rightward movement along the demand curve

Economics