Is your good a normal good or an inferior good

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You are the marketing manager for XYZ Corp. You have this regression result for your product:

Q = 2000 - 3.S*P + 1 .2*1. Right now, your price is 10, and the average income of your customers is $30,000.

Compute income elasticity?

Is your good a normal good or an inferior good? ,

You expect a recession. You estimate that your customer's average income will fall 5% due to this recession. Estimate the impact on your sales.

Reference no: EM131244254

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Is your good a normal good or an inferior good : You are the marketing manager for XYZ Corp. You have this regression result for your product: Q = 2000 - 3.S*P + 1 .2*1. Right now, your price is 10, and the average income of your customers is $30,000. Compute income elasticity? Is your good a norma..

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