If a Good Has a Negative Income Elasticity of Demand

question 119

Multiple Choice

If a good has a negative income elasticity of demand, this indicates that the good is

• A)a substitute with another good.
• B)a complement with another good.
• C)inferior.
• D)normal.

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Definitions:

Wide Area Network

A Wide Area Network (WAN) is a telecommunications network that extends over a large geographical area, connecting computers and smaller networks to each other.

Extranet

A private network that uses Internet protocols and the public telecommunication system to securely share part of a business's information or operations with suppliers, vendors, partners, customers, or other businesses.

Virtual Network

Common type of technology infrastructure, which consists of links that are not wired connections.

Costly Hardware

Expensive physical components of a computer system or other electronic devices.