Economy, asked by thilagavathiponkumar, 8 months ago

if the increase elasticity of demand for a goods is negative it must be​

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Answered by anushka15012009
2

Answer:

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Answered by shambhavi1634
0

Basically, a negative income elasticity of demand is linked with inferior goods, meaning rising incomes will lead to a drop in demand and may mean changes to luxury goods. A positive income elasticity of demand is linked with normal goods.

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