If for Good Z Income Elasticity Is Less Than 1

question 63

Multiple Choice

If for good Z income elasticity is less than 1 but greater than zero, then demand for good Z is income __________, and good Z is a(n) __________ good.

• A)inelastic; normal
• B)inelastic; inferior
• C)elastic; normal
• D)elastic; an inferior
• E)unit elastic; normal

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