Which of the Following Statements Is Correct

question 290

Multiple Choice

Which of the following statements is correct?

• A) The income elasticity of demand for inferior goods is positive.
• B) The cross elasticity of demand for substitutes is negative.
• C) The income elasticity of demand for normal goods is positive.
• D) The cross elasticity of demand for complements is positive.
• E) The income elasticity of demand for inferior goods is zero.

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Definitions:

Spamming

The practice of sending unsolicited messages, especially advertising messages, in large quantities to an indiscriminate set of recipients.

Electrical Interference

Unwanted disturbances generated by electrical sources, affecting the performance of electronic equipment or devices.

Twisted Pair

A type of cabling that consists of two insulated copper wires twisted around each other, used in telecommunications to reduce electromagnetic interference.

Bandwidth

The maximum rate of data transfer across a given path or connection in a network, typically measured in megabits per second (Mbps) or gigabits per second (Gbps).