Inferior goods have _________ and luxury goods have _________?

A. None of the above

B. Positive income elasticities, negative income elasticities

C. income elasticity greater than 1, negative income elasticities

D. negative income elasticity income elasticity greater than 1
Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.