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Author Question: If income rises and the demand for a product remains unchanged, the income elasticity of demand for ... (Read 95 times)

imowrer

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If income rises and the demand for a product remains unchanged, the income elasticity of demand for that product is unit elastic.
 a. True
  b. False

Question 2

A normal good is defined as a product for which quantity demanded increases as price decreases.
 a. True
  b. False



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bigsis44

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Answer to Question 1

B

Answer to Question 2

B




imowrer

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Reply 2 on: Jul 1, 2018
Excellent


miss_1456@hotmail.com

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Reply 3 on: Yesterday
Wow, this really help

 

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