Skip to main content
Macroeconomics
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
Back
Income Elasticity of Demand
Download worksheet
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Income Elasticity of Demand
Download worksheet
Practice
Summary
Previous
6 of 9
Next
4. Elasticity / Income Elasticity of Demand / Problem 6
Problem 6
A consumer's income decreases by 15%, and their demand for a particular good decreases by 10%. What type of good is this likely to be?
A
Luxury good
B
Normal necessity
C
Giffen good
D
Inferior good
AI tutor
0
Show Answer