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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 10
Which of the events will not cause the demand for pasta, an inferior good, to decrease?
A) An increase in the price of marinara sauce
B) An inerease in the price of rice
C) An increase in consumers' income
D) The surgeon general's conclusion that eating pasta more than once a week dramatically increases the risk of diabetes
A) An increase in the price of marinara sauce
B) An inerease in the price of rice
C) An increase in consumers' income
D) The surgeon general's conclusion that eating pasta more than once a week dramatically increases the risk of diabetes
Explanation
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Inferior goods are those, the demand for...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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