For an inferior good?
AThe price elasticity of demand is negative: the income elasticity of demand is negative
BThe price elasticity of demand is negative the income elasticity of demand is positive
CThe price elasticity of demand is positive the income elasticity of demand is negative
DThe price elasticity of demand is positive the income elasticity of demand is positive
Correct answer
A. The price elasticity of demand is negative: the income elasticity of demand is negative
Explanation
The correct answer is The price elasticity of demand is negative: the income elasticity of demand is negative.