You have found data that indicates that the income elasticity of demand for generic (unbranded) shampoo is -0.7. You should conclude that generic shampoo:A.is a normal good.B.is below its equilibrium price.C.is an inferior good.D.has inelastic demand.
You have found data that indicates that the income elasticity of demand for generic (unbranded) shampoo is -0.7. You should conclude that generic shampoo:
A、is a normal good.
B、is below its equilibrium price.
C、is an inferior good.
D、has inelastic demand.
发布时间:2024-09-17 02:20:42