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Question 6 Not yet answered Marked out of 1 P Flag question If the quantity demanded of good X has decreased from 34 to 28

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Question 6 Not yet answered Marked out of 1 P Flag question If the quantity demanded of good X has decreased from 34 to 28 units, as a result of increase in consumer income from RO 280 to 340, the income elasticity of demand is equal to 1. Select one: a. True O b. False Question 7 Not yet answered Marked out of 1 P Flag question The budget line is negatively sloped and indifference curve is positively sloped. Select one: O a. False O b. True

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