An inferior good is a good whose income elasticity of demand is ...

[Awilson837]

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.

[steff9894]

Answer to Question 1

TRUE

Answer to Question 2

C

[Awilson837]

YES! Correct, THANKS for helping me on my review

[triiciiaa]

Thanks for the timely response, appreciate it