Income elasticity of demand for inferior good is:

Related MCQs

• When an individual’s income falls, when everything else remains the same, his demand for inferior goods:
• In a horizontal straight line demand curve, the price elasticity of demand is:
• In the case of luxury goods, the income elasticity of demand will be:
• If the income elasticity of demand is greater than one, then the commodity is:
• If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is:
• For complementary goods, the cross elasticity of demand:
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is:
• If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
• Cross elasticity of demand in the case of substitutes:
• Income elasticity is positive, but less than unity in the case of: