If income rises from N200.00 to N250.00 and the amount spent on good X fails from N30.00 to N28.00, then good X is
a
an income elastic good
b
a normal good
c
an inferior good
d
demand elastic
e
supply elastic
Explanation
Correct Option
cVideo Explanation
No video available
Post your Contribution
Share:
Discussions (2)
Articulture1234
2 years ago
the annswer is c. inferior goods are goods that didnt increase as income rises.
