Question 11

If a good is an inferior good, then

  • A.it is also necessarily a Giffen good
  • B.the quantity of the good demanded varies inversely with its price
  • C.its income elasticity of demand is negative
  • D.the poor buy the good only out of habit
Objective

Question details

Exam body
UNN
Subject
Economics
Year
2017/2018
Question no.
#11
Type
Objective

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