Multiple Choice
If macaroni and cheese is an inferior good, then a decrease in income will result in
A) a decrease in the supply of macaroni and cheese.
B) an increase in the demand for macaroni and cheese.
C) a decrease in the demand for macaroni and cheese.
D) an increase in the supply of macaroni and cheese.
Correct Answer:
Verified
Correct Answer:
Verified
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