When income elasticity is negative the slope of engel curve is
a) positive b) negative c) horizontal d) vertical
Answers
Answered by
28
Answer:
Curve 2 – Inferior Goods
The Engel curve has a negative gradient. That means that since the consumer has more income, they will buy less of the inferior good because they can purchase better products.
Answered by
1
Answer:
positive
Explanation:
mark me as brainlist
Similar questions