- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 12. Topics in Demand and Supply Analysis
- Subject 2. Elasticities of Demand
CFA Practice Question
Goods with ______ income elasticity are called ______ goods.
A. positive; inferior
B. negative; normal
C. positive; normal
Explanation: Goods with negative income elasticity are called inferior goods.
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