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:

Negative Affectivity

A dimension of personality characterized by negative mood states.

Borderline Personality Disorder

A psychiatric condition marked by irregular temperaments, actions, and interpersonal connections.

Diagnosed

The identification of a disease or condition by a medical professional through examination, testing, and analysis.

African Americans

A racial or ethnic group in the United States with ancestry from the indigenous peoples of Sub-Saharan Africa.