Utme 2017 Economics Question 9

Practice objective / multiple choice question 9 from the 2017 Utme Economics examination. This question covers Elasticity .

Utme 2017 Economics Objective / Multiple Choice 2 Difficulty
Topic: Elasticity
Question 9 UTME • 2017 • ECONOMICS • objective

For a good, the income elasticity of demand is negative, the good is

Answer Options

A. Normal
B. Negative
Correct Answer C. Inferior
D. Zero
Correct Answer
C
Correct Option:
Inferior

About This Question

This is Utme 2017 Economics Question 9. It is one of the objective questions from the 2017 Utme Economics examination.

The question covers Elasticity .

Difficulty level: 2 .

View More Utme 2017 Economics Questions More Utme Practice Questions Back to Questions

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