Multiple Choice
When a consumer's income level is low, it is MORE likely the consumer will purchase ______ goods.
A) complementary
B) substitute
C) normal
D) inferior
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: (Figure: Predicting Demand Shifts) Which factor would
Q5: The law of demand states that:<br>A) the
Q7: In general, economic markets only contain legal
Q8: Consider the demand for olive oil. What
Q9: In a market when the price of
Q10: (Figure: Interpreting Demand Curves) In the demand
Q11: If supply increases and at the same
Q136: Supply is the maximum amount of a
Q192: The law of supply states that as
Q297: Graphically, a change in demand is represented