Income elasticity of demand for inferior goods is:

Related MCQs

• In the case of luxury goods, the income elasticity of demand will be:
• When demand curve is rectangular hyperbola, the value of price elasticity of demand will be:
• If the income elasticity of demand is greater than one, then the commodity is:
• For complementary goods, the cross elasticity of demand:
• Cross elasticity of demand in the case of substitutes:
• Income elasticity is positive, but less than unity in the case of:
• The Price and quantity relationship for an inferior good is:
• The demand curve for Giffen’s goods:
• When Q = f (P), the elasticity coefficient is measured by:
• If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is: