If a Good Has Negative Income Elasticity, Then It Is

question 45

True/False

If a good has negative income elasticity, then it is an inferior good.

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Definitions:

Bang

is a sudden loud noise or the action of producing such a noise, often associated with explosions or collisions. NO.

Color-Sensitive Receptors

Specialized cells in the eye (such as cones) that respond to different wavelengths of light, enabling color vision.

Cones

Photoreceptor cells in the retina of the eye that function best in relatively bright light and enable the perception of color.

Distinguish

To recognize or point out the differences between two or more things or people.