If a Good Is Inferior,its

question 126

Multiple Choice

If a good is inferior,its

• A)Cross-price elasticity is negative.
• B)Price elasticity of demand is negative.
• C)Income elasticity of demand is positive.
• D)Income elasticity of demand is negative.

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Definitions:

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An economic theory and practice where government regulation of a nation's economy is used to increase state power at the expense of rival national powers.

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