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Inferior goods usually have:

Inferior goods usually have:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Infinite demand elasticity
  • B Positive price elasticity
  • C Perfect supply elasticity
  • D Negative income elasticity
Correct Answer: Option D
Explanation:
Inferior goods are goods consumers buy less of as income rises. Demand falls because consumers switch to better-quality alternatives.

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