question archive Which of the following statements is incorrect? a) Normal goods have income elasticities that are positive, b) Luxury goods have very high income elasticities, c) Inferior goods must also be necessity goods, d) Inferior goods have income elasticities that are negative
Which of the following statements is incorrect? a) Normal goods have income elasticities that are positive, b) Luxury goods have very high income elasticities, c) Inferior goods must also be necessity goods, d) Inferior goods have income elasticities that are negative
Subject:EconomicsPrice:2.88 Bought4
Which of the following statements is incorrect?
a) Normal goods have income elasticities that are positive,
b) Luxury goods have very high income elasticities,
c) Inferior goods must also be necessity goods,
d) Inferior goods have income elasticities that are negative.
Option 1
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Option 2
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