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When a good is an inferior good, the "non-compensated" demand-(Answered)

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Question

When a good is an inferior good, the ?non-compensated? demand curve will be

a. relatively more elastic than the compensated demand curve.

b. relatively more inelastic than the compensated demand curve.

c. equally elastic but with a different intercept than the compensated demand curve.

d. parallel to the compensated demand curve and to the right.

e. either more elastic or more inelastic depending upon the size of the income effect.

 

Paper#9209127 | Written in 27-Jul-2016

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