A. Demand is price inelastic
B. The good is inferior
C. Income elasticity is -2
D. The product is normal
Correct Answer: The product is normal ✔
Last Updated: June 18, 2019
A. Demand is price inelastic
B. The good is inferior
C. Income elasticity is -2
D. The product is normal
Correct Answer: The product is normal ✔
Last Updated: June 18, 2019