Necessities and luxuries are both types of normal goods. a. True b. ...

Author Question: Necessities and luxuries are both types of normal goods. a. True b. ... (Read 86 times)

Shelles

Hero Member
Posts: 582

on: Jul 1, 2018

Necessities and luxuries are both types of normal goods.
a. True
b. False

Question 2

If income rises and the demand for toothbrushes stays the same, income elasticity of toothbrushes is said to be unit elastic.
a. True
b. False

juwms

Sr. Member
Posts: 337

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

B

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