Inferior goods have _________ and luxury goods have _________? – McqOptions

MCQOPTIONS

1.	Inferior goods have _________ and luxury goods have _________?
A.	negative income elasticity income elasticity greater than 1
B.	income elasticity greater than 1, negative income elasticities
C.	Positive income elasticities, negative income elasticities
D.	None of the above
Answer» B. income elasticity greater than 1, negative income elasticities

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