Multiple Choice
In the example of good and bad cigarettes,the authors found that bad cigarettes where inferior because
A) they are an economic bad.
B) second hand smoke is an economic bad.
C) they comprised a large portion of the smokers budget.
D) many more useful goods are also inferior.
Correct Answer:

Verified
Correct Answer:
Verified
Q48: The cross elasticity of demand between DVDs
Q49: When deriving an Engel curve,if the optimum
Q50: The (ordinary)demand curve for a normal good
Q51: Suppose Joe purchases 10 lottery tickets per
Q52: An inferior good is one for which<br>A)
Q54: The price elasticity of demand for electricity
Q55: The income elasticity of demand is equal
Q56: The demand curve for hotel rooms is
Q57: Suppose that good X is on the
Q58: If a consumer demands the same (positive)amount