If I told you that income elasticity in the market for hybrid cars is positive, you would know that:

Athere are many substitutes for hybrid cars.
Bthere are few substitutes for hybrid cars.
Chybrid cars are a normal good.
Dhybrid cars are an inferior good.

Question

25-11-2016
Business

Answered

If I told you that income elasticity in the market for hybrid cars is positive, you would know that:

Athere are many substitutes for hybrid cars.
Bthere are few substitutes for hybrid cars.
Chybrid cars are a normal good.
Dhybrid cars are an inferior good.

Verified Answer :

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Anonymous Anonymous · Answer 1 · 2016-11-25T23:06:57-05:00

The best and most correct answer among the choices provided by your question is the second choice or letter B.

If I told you that income elasticity in the market for hybrid cars is positive, you would know that: there are few substitutes for hybrid cars.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

If I told you that income elasticity in the market for hybrid cars is positive, you would know that: Athere are many substitutes for hybrid cars. Bthere are few substitutes for hybrid cars. Chybrid cars are a normal good. Dhybrid cars are an inferior good.

Verified Answer :

Related Questions

If I told you that income elasticity in the market for hybrid cars is positive, you would know that:

Athere are many substitutes for hybrid cars.
Bthere are few substitutes for hybrid cars.
Chybrid cars are a normal good.
Dhybrid cars are an inferior good.