Multiple Choice
In the case of an inferior good, _______ falls when income _______ .
A) supply; rises
B) demand; rises
C) demand; falls
D) supply; falls
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q202: The marginal utility of a good must
Q203: According to the Case in Point on
Q204: Suppose a consumer really likes rutabagas and
Q205: If the marginal utility from consuming a
Q206: Assume that the total utilities for the
Q208: Which of the following is true regarding
Q209: If the first four units of a
Q210: Evaluate the following statement: "The substitution and
Q211: Use the following to answer question(s): Consumer
Q212: Use the following to answer question(s): Consumer