The income elasticity of demand of inferior goods is generally

Related MCQs

• An individual is spending his entire income on two items A and B equally. If income elasticity of A is 4 what is income elasticity of B
• If an individual is spending his entire income on two items A and B in the ratio of 60:40. If income elasticity of A is 5 what is income elasticity of B
• The income elasticity of demand of normal goods is generally
• A goods can be considered inferior goods in economics if increase in disposal income of the consumer causes
• If the disposal income of a household increases by 10% and the demand for bread falls by 5%. The income elasticity of bread is
• If the disposal income of a household increases by 10% and the demand for X commodity increased by 25%. The income elasticity of X is
• If the disposal income of a household increases by 10% and the demand for X commodity increased by 10% the income elasticity of X is
• If the disposal income of a household decreases by 10% and the demand for X commodity remains same. The income elasticity of X is
• If the price of coffee falls by 8% and the demand for Tea declines by 2%. The corss price elasticity of demand for Tea is
• The cross elasticity of complementary goods is generally