百度试题 结果1 题目, the income elasticity of demand for inferior goods is ( ) A. positive; B. negative; C. zero; D. is difficult to determine. 相关知识点: 试题来源: 解析 B
Income Elasticity of Demand(YED) is defined as the responsiveness of demand when a consumer’s income changes. It is defined as the ratio of the change in quantity demanded over the change in income. The higher the income elasticity, the more sensitivedemandfor a good is to changes in incom...
刷刷题APP(shuashuati.com)是专业的大学生刷题搜题拍题答疑工具,刷刷题提供The income elasticity of demand is ( ) for a normal good and ( ) for an inferior good.A.positive; positiveB.positive; negativeC.negative; positiveD.negative; negative的答案解析,刷刷
a早上到达广东省广州。 正在翻译,请等待...[translate] a2. If the income elasticity of demand for a bus ride is negative, then a bus ride is an inferior good. 2. 如果要求的弹性收入对公共汽车乘驾的是消极的,则公共汽车乘驾是一下等好。[translate]...
A positive income elasticity of demand stands for a normal (or superior) good. When the quantity demanded of a product or service decreases in response to an increase and increases in response to decrease in the income level, the income elasticity of demand is negative and the product is an...
servicestendtobeproductswheretherearesuperiorgoodsavailableiftheconsumerhasthemoneytobeabletobuyit.Examplesincludethedemandforcigarettes,low-pricedownlabelfoodsinsupermarketsandthedemandforcouncil-ownedproperties.TheincomeelasticityofdemandisusuallystronglypositiveforFinewinesandspirits,highqualitychocolates(e.g.Lindt)...
If income elasticity of demand of a good is less than 1, it is a necessity good. If the elasticity of demand is greater than 1, it is a luxury good or a superior good. Inferior goods: The demand decreases with increase in income. Elasticity has a negative sign (e < 0) If the ...
The income elasticity of demand is calculated by taking a negative 50% change in demand, and dividing it by a 20% change in real income. This produces an elasticity of 2.5, which indicates local customers are particularly sensitive to changes in their income when it comes to buying cars. ...
Inferior goodsare goods for which demand actually declines as consumers' real incomes rise, or rises as incomes fall. This occurs when a good has more costly substitutes that see an increase in demand as the economy improves. For inferior goods, the income elasticity of demand is negative, and...
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