Charlespurchases20basketballticketsperyearwhenhisannualincomeis$50,000and25basketballticketswhenhisannualincomeis$60,000.Charles’sincomeelasticityofdemandforbasketballticketis
A: 0.82, and basketball tickets are a normal good.
B: 0.82, and basketball tickets are an inferior good.
C: 1.22, and basketball tickets are a normal good.
D: 1.22, and basketball tickets are an inferior good.
A: 0.82, and basketball tickets are a normal good.
B: 0.82, and basketball tickets are an inferior good.
C: 1.22, and basketball tickets are a normal good.
D: 1.22, and basketball tickets are an inferior good.
举一反三
- John purchases two goods, x and y. Good x is an inferior good for some range of income.There must be another range of income for which good x is a normal good.
- A Giffen good must be an inferior good. A: 对 B: 错
- A normal good must be an ordinary good. A: 正确 B: 错误
- An ordinary good must be a normal good. A: 正确 B: 错误
- People cannot be prevented from using a good if the good is a A: private good or a public good. B: private good or a common resource. C: public good or a common resource. D: public good or a club good.