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:

Sternum

is the long flat bone located in the center of the chest, connecting the rib bones and serving as a support for the upper body.

Vertebra

One of the individual bones that stack to form the vertebral column (spine), providing structural support and housing spinal cord pathways.

Left Ribs

Refers specifically to the ribs on the left side of the body, which protect the thoracic cavity and support the respiratory system.

Coronoid Process

The coronoid process is a triangular structure on the upper anterior part of the ulna bone in the forearm that serves as a point of attachment for muscle.