Multiple Choice
An inferior good is one:
A) that doesn't work.
B) that costs too much.
C) that won't be purchased at any price.
D) for which demand increases as income decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q94: The table below shows three individual buyers'
Q95: You are asked to determine, other things
Q96: If the price of a product increases,
Q97: An increase in supply and demand will
Q98: The law of demand states that, ceteris
Q100: If producers must obtain higher prices than
Q101: A decrease in demand and an increase
Q102: Which of the following will not cause
Q103: The horizontal axis of a graph which
Q104: Refer to the diagram below for the