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questions 11 and 13 Incorrect Question 11 0 / 0.5 pts For which of the following goods is the income elasticity of demand likely highest?

questions 11 and 13

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Incorrect Question 11 0 / 0.5 pts For which of the following goods is the income elasticity of demand likely highest? O boats O doctor's visits O hamburgers natural gasIncorrect Question 13 U f 0.5 pts Suppose goods A and B are substitutes. for each other. We would expect the cross-price elasticityr between these two goods to be either positive or negative. It depends whether A and B are normal goods or inferior goods. positive. negative. either positive or negative. It depends whether the current price level is on the elastic or inelastic portion of the demand curve

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