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Author Question: Because Product X has a large positive income elasticity, it is likely that the product A) has ... (Read 63 times)

ap345

  • Hero Member
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on: Jun 29, 2018
Because Product X has a large positive income elasticity, it is likely that the product
 
  A) has many good substitutes.
  B) has few good complements.
  C) is a necessity.
  D) is a luxury.

Question 2

In a graph, a line has a negative slope if
 
  A) the line is vertical.
  B) the line is horizontal.
  C) the line rises from right to left.
  D) the line rises from left to right.


Athena23

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  • Posts: 305
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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