An Inferior Good Has a ________ Elasticity of Demand

question 296

Multiple Choice

An inferior good has a ________ elasticity of demand.

• A) positive income
• B) negative income
• C) negative cross
• D) positive cross
• E) negative price

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Definitions:

Space Constraint

A limitation or restriction on the available space for a particular purpose or operation.

Floor Space

The total area taken up by all of the rooms or sections on one level of a building.

Linear Inequality

An algebraic inequality that shows the relationship between variables that form a straight line when graphed.

Floor Space

The total area available within a building or room, measured in square units.