Author Question: Because Product X has a large positive income elasticity, it is likely that the product A) has ... (Read 76 times)

ap345

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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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Answer to Question 1

D

Answer to Question 2

C



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