中等ECON-ELAS-013
YED = +1.5. The good is:
A. Inferior
B. A luxury (a normal good with YED greater than 1)✓ 答案
C. A complement
D. Price-inelastic
解說
A positive YED means a normal good. YED above 1 means a luxury. Complements are a negative XED. Price-inelastic refers to |PED| < 1.