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Question #49175

For an inferior good ?

Options:

A) The price elasticity of demand is negative: the income elasticity of demand is negative

B) The price elasticity of demand is positive the income elasticity of demand is negative

C) The price elasticity of demand is negative the income elasticity of demand is positive

D) The price elasticity of demand is positive the income elasticity of demand is positive

Answer: For an inferior good The price elasticity of demand is negative: the income elasticity of demand is negative.

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