The income elasticity of demand is ________ for a normal good and ________ for an inferior good .…….
Select ONE answer:
- positive; negative
- negative; negative
- positive; positive
- negative; positive
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This is a multiple choice question is suitable for Economics KS5 classes.
The answer is 1
This work is licensed under a Creative Commons Attribution 4.0 International License.
