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Question 1 (1 point) d Select the best matches from the lists below. < < < V V perfectly inelastic indicator of complementary goods
Question 1 (1 point) d Select the best matches from the lists below. < < < V V perfectly inelastic indicator of complementary goods perfectly elastic indicator of necessity goods indicator of inferior goods indicator of luxury goods indicator of unrelated goods indicator of subsitute goods 1. cross-price elasticity > 0 2. cross-price elasticity < 0 3. cross-price elasticity = 0 4. 0 income elasticity < 1 5. income elasticity < 0 6. income elasticity > 1 7. vertical supply curve 8. horizontal demand curve Question 17 (1 point) For which product is the income elasticity of demand most likely to be negative? A) bread B) computer software C) used clothing D) apps for iPads Save 2)
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