Answer to Question #86217 in Microeconomics for Jabu

Question #86217
Is product X a normal or an inferior good?
1
Expert's answer
2019-03-13T10:53:21-0400

Product X is a normal, if its income elasticity of demand is positive, or an inferior good if its income elasticity of demand is negative.


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Comments

Assignment Expert
15.03.19, 18:13

Dear visitor, please use panel for submitting new questions

Jolene
15.03.19, 07:37

Hi, please explain your answer above relating to the income elasticity?

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