QUESTION 12Which of the following correctly completes this statement? An inferior good is a goodwith a negative income elasticity of demand.with a negative elasticity of supply.with an income elasticity of demand between 0 and 1.with a price elasticity of demand equal to 0QUESTION 13The quantity demanded of Pepsi has decreased. The best explanation for this is thatthe price of Coca-Cola has increased.Pepsi’s advertising is not as effective as in the past.the price of Pepsi increased.Pepsi consumers had an increase in income
Religious Studies homework help
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