Home » Economics » If the income of a consumer rises and his demand for good X falls, good…If the income of a consumer rises and his demand for good X falls, good… If the income of a consumer rises and his demand for good X falls, good X can be described as A. a normal good B. an adnoral good C. a good with inelastic demand D. a good with unitary elastic demand E. none of the above Correct Answer: Option E Explanation Related Posts Two basic features common to an industry are A glut in the world market for crude oil means? Under a system of freely floating exchange rates an increase in the international value of… Opportunity cost is define as the Which of the following is a measure of central tendency In a joint stock company, preference shareholders are those who receive?
