For an inferior goods, income consumption curve and Engles curves are
A. Positively sloped
B. Negatively sloped
C. Are the same
D. Income consumption curve positively sloped and the Engles curve is negatively sloped
Answer:B
For an inferior goods, income consumption curve and Engles curves are
A. Positively sloped B. Negatively sloped C. Are the same D. Income consumption curve positively sloped and the Engles curve is negatively sloped