A negative income elasticity of demand coefficient


A negative income elasticity of demand coefficient indicates that:

A) The product is an inferior good

B) The product follows the law of demand

C) The product is a complementary good

D) The product is a substitute good

Request for Solution File

Ask an Expert for Answer!!
Business Economics: A negative income elasticity of demand coefficient
Reference No:- TGS01474489

Expected delivery within 24 Hours