If income rises from N200.00 to N250.00 and the amount sp...
If income rises from N200.00 to N250.00 and the amount spent on good X fails from N30.00 to N28.00, then good X is
A.
An income elastic good
B.
A normal good
C.
An inferior good
D.
Demand elastic
E.
Supply elastic
Correct answer is C
No explanation has been provided for this answer.
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