contestada

Income decreases. Assume the income elasticity for widgets is negative.
a) Qwidget ↑ and Pwidget ↑.
b) Qwidget ↓ and Pwidget ↑.
c) Qwidget ↑ and Pwidget ↓.
d) Qwidget ↓ and Pwidget ↓.

Q&A Education