If an Engel curve begins with a positive slope then becomes negatively sloped at higher income levels,

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    the good has a positive income elasticity of demand at low levels of income but a negative income elasticity of demand at higher levels of income.
     the good has a negative income elasticity of demand at low levels of income but a positive income elasticity of demand at higher levels of income.
     the good is an inferior good at low levels of income but a normal good at higher levels of income.
     at low levels of income the income elasticity of demand for the good is negative and it is an inferior good.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the good has a positive income elasticity of demand at low levels of income but a negative income elasticity of demand at higher levels of income.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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