Which of the Following Statements Is Correct? the

question 329

Multiple Choice

Which of the following statements is correct? The

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

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