Income elasticity of demand for inferior goods is:

Related MCQs

• When an individual’s income falls, when everything else remains the same, his demand for inferior goods:
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• In the case of luxury goods, the income elasticity of demand will be:
• When individuals income falls (everything remain the same) his demand for an inferior good
• Inferior goods are the goods with
• 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:
• 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:
• Income consumption curve of an inferior commodity is