The income elasticity of a commodity is -2, then the commodity is (
)
A: low-end goods
B: General normal goods
C: Luxury goods
D: Giffen goods
)
A: low-end goods
B: General normal goods
C: Luxury goods
D: Giffen goods
举一反三
- The income elasticity of luxury goods is generally
- If a 4% increase in income causes a 2% increase in the amount of books demanded, then A: The income elasticity of demand for books is negative B: Books are a necessity and a normal good C: Books are luxury goods D: Books are inferior goods
- 16-9the under mentioned goods/commodity
- Marshall-Lerner condition is that the payments deficit will be improved as a result of currency depreciation only if_______ 。( ) A: the sum of elasticity of demand for goods import and that for goods export equals one. B: the sum of elasticity of demand for goods import and that for goods export is less than one. C: the sum of elasticity of demand for goods import and that for goods export is larger than one. D: the sum of elasticity of demand for goods import is greater than that for goods export.
- If the goods delivered by the seller are not in accordance with agreed name of commodity, the buyer reserves the right to lodge a claim, reject the goods or even cancel the contract.