Multiple Choice
Use the information below to answer the following questions.
Fact 9.3.2 Hamptons Glamour Finds a Humbler Home
Lucy Martin collected and sold vintage clothing in the wealthy Hamptons,but in the recession of 2008,her sales fell.She eventually moved her shop to Tannersville,N.Y. ,where her expenses are 70 percent less than they were in the Hamptons.
Source: The New York Times,December 22,2016
-Refer to Fact 9.3.2.According to the news clip,vintage clothing is ________ good.If the price of vintage clothing falls and income remains the same,the quantity of used clothing bought ________.
A) an inferior;decreases
B) an inferior;increases
C) a normal;increases
D) a normal;decreases
E) a substitute;decreases
Correct Answer:
Verified
Correct Answer:
Verified
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