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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.5
Suppose the income elasticity of demand for laptops is 2.5. Which of the following statements is most likely true?
Laptops are inferior goods.
Laptops are sticky goods.
Laptops are luxury goods.
Laptops are normal goods.
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AP Microeconomics - 2.5 Other Elasticities
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Income Elasticity of Demand
Laptops
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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