Author Question: An inferior good is a good whose income elasticity of demand is less than 0. Indicate whether the ... (Read 93 times)

Awilson837 · **on:** Jun 29, 2018

An inferior good is a good whose income elasticity of demand is less than 0.

Indicate whether the statement is true or false

Question 2

Which of the following statements is CORRECT?

A) Because information is different from typical goods and services, it cannot be provided in a market.
B) The marginal benefit from more information does not decrease.
C) Too little information is provided if the market for information is a monopoly.
D) Acquiring more information can never be inefficient.