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If a product has a negative income elasticity of demand, this indicates that the product is O a complement with another produ

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Ans: inferior

Negative income elasticity of demand is associated with inferior good. When increase in income leads to fall in demand, then the income elasticity of demand is negative. Inferior goods are those whose demand falls with rise in income. Thus if a product has a negative income elasticity of demand, then it is inferior.

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