Inferior Goods Have an Income Elasticity of Demand That Is

question 187

Multiple Choice

Inferior goods have an income elasticity of demand that is _____

• A)positive.
• B)negative.
• C)zero.
• D)greater than 1 in absolute value.
• E)equal to 1 in absolute value.

---

Definitions:

Indoor air pollution

Pollution inside buildings or structures, caused by sources like mold, chemicals, and gases, affecting indoor air quality.

Solid waste management

The disciplined approach to managing refuse from household, industrial, and other sources to reduce its impact on health and environment.

United Nations Millennium Declaration

A resolution adopted by the United Nations in 2000, committing member nations to combat poverty, hunger, disease, illiteracy, environmental degradation, and discrimination against women by 2015.

Brundtland Commission Report

A landmark report published in 1987, formally named "Our Common Future," which introduced the concept of sustainable development, integrating environmental protection with economic growth.