The good has an income elasticity of demand of -2. 0. This means that the good is <u>inferior goods.</u>
<h3>What are the characteristics of inferior goods?</h3>
An inferior good occurs when an increase in income causes a fall in demand.
An inferior good has a negative income elasticity of demand. (YED) Inferior goods are characterized by low quality – and are goods with better alternatives.
Suppose that good has an income elasticity of demand of -2. 0. This means that the good is <u>inferior goods.</u>
An inferior good is one whose demand drops when people's incomes rise. When incomes are low or the economy contracts, inferior goods become a more affordable substitute for more expensive goods.
Inferior goods are the opposite of normal goods, whose demand increases even when incomes increase.
Hence, the good has an income elasticity of demand of -2. 0. This means that the good is <u>inferior goods.</u>
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Answer:
Step-by-step explanation:
0. 0 5
________
20 | 1. 0 0
0
-------------- subtract
1 0 0
1 0 0
----------------subtract
85 i hope this helps you.
This object has rotational symmetry because if you made a partial turn it would still be the same all around, it doesn't have line symmetry tho because you couldn't draw a line through it and have it equal on both sides
Answer:
A. y>x−9y is greater than x minus 9
