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:

精华吧→答案→慕课→未分类

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.

正确答案：is an inferior good.

Tag：微观经济学中国大学MOOC微观经济学时间：2021-12-11 14:34:19

上一篇：Suppose you believe that plaid flannel shirts are an inferior good, and want to test this with economic data. You expect to find that the income elasticity for plaid flannel shirts is:
下一篇：The percentage change in quantity supplied that results from a 1 percent change in price is known as the: