Economy, asked by manishsahu645, 4 months ago

the income elasticity of demand is negative for a​

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Answered by Aditya12376
0

Answer:

the question is incomplete

Answered by Anonymous
5

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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. In this case, a rise in income will lead to a rise in demand

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