Bincy Kristn
Bincy Kristn
7 years ago

when the income elasticity of demand for a good is negative

A. normal good

B. luxury good

C. inferior good

D. giffen good

Answer: Option C


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  1. Zaynah Ateeq
    Zaynah Ateeq :
    5 years ago

    Which of the following statements is false?
    Group of answer choices

    An increase in tax will affect the customers more than the producers if the supply schedule is inelastic.

    An increase in tax will affect the customers more than the producers if the demand schedule is inelastic.

    An increase in tax will affect the customers less than the producers if the demand schedule is inelastic.

    Both (1) and (3) above.

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