Economics 9708 · AS & A Level · Economic methodology

Economic methodology — practice question

Which of the following statements is correct?

  • ADemand for an inferior good has a positive relationship to income and a negative relationship to price.
  • BDemand for an inferior good has a negative relationship to income and a negative relationship to price.
  • CDemand for a normal good has a positive relationship to income and a positive relationship to price.
  • DDemand for a normal good has a negative relationship to income and a positive relationship to price.

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