Question: 14.1f Emyis negative, what type of goods are products X andY? 15. Define Income elasticity of Demand? 16.What are the 2 types of goods

14.1f Emyis negative, what type of goods are products X andY? 15.

14.1f Emyis negative, what type of goods are products X andY? 15. Define Income elasticity of Demand? 16.What are the 2 types of goods define by Income Elasticity of Demand? 17.HOWWl products with a high E,do during a recession? 18.The morewe get of a product, the less we want moreofthat productin a specifictime period' indicates what? 19. Define Total Utility? 20.What is defined by the additional utilitywe get when consumingone more unitof a product? 21 What is the Utility Maximizing Rule?

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