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If a good is an inferior good, then?
Classroom
Economics Classroom
Jamb
Jamb 1987
The Theory Of Demand
Types, Nature And Determinants Of Elasticity And Their Measurement
More Topics
If a good is an inferior good, then?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
It is also necessarily a Giffen good
B
The quality of the goods demanded varies inversely with its price
C
Its income elasticity of demand is negative
D
The poor buy the good only out of habit
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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