If a good is inferior, then the income elasticity of demand for ...

[809779]

If a good is inferior, then the income elasticity of demand for that good is
 a. positive and greater than 1
  b. negative
  c. positive and less than 1
  d. 0
  e. perfectly elastic

Question 2

If we wanted to prove that macaroni is an inferior good, we would test the __________ of macaroni and get a __________.
 a. cross-price elasticity; negative number
  b. income elasticity; number less than 1
  c. income elasticity; positive number
  d. price elasticity of demand; number greater than negative 1
  e. income elasticity; negative number

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Answer to Question 1

B

Answer to Question 2

E

[809779]

Excellent

[sultansheikh]

Thanks for the timely response, appreciate it