If a Product Is an Inferior Good,then Its Income Elasticity

question 233

Multiple Choice

If a product is an inferior good,then its income elasticity of demand is

• A) zero.
• B) positive.
• C) negative.
• D) indeterminate.
• E) undefined.

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Definitions:

Brand Personalities

The human-like attributes and characteristics ascribed to a brand, influencing how consumers perceive and relate to it.

Masculine Nonconformist

A term NO.

Trademark

A logo, wording, or phrase that has been lawfully registered or accepted by usage to denote a corporation or its products.

Legally Registered

Refers to entities or assets that have been formally recorded and recognized by relevant legal authorities.