For which product is the income elasticity of demand most likely to be negative?  A. Bread B. Gas C. Generic beer D. Milk

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 11RQ: What is the price elasticity of demand? Can you explain it in your own words?
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For which product is the income elasticity of demand most likely to be negative? 
A. Bread
B. Gas
C. Generic beer
D. Milk

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