Solved

If the Demand for a Good Falls When Income Falls

Question 243

Multiple Choice

If the demand for a good falls when income falls, then the good is called

A) a normal good.
B) a regular good.
C) an ordinary good.
D) an inferior good.

Related Questions

Q238: Equilibrium price must increase when<br>A)both demand and

Q239: Table 4-9<br>The following table shows the

Q240: When quantity demanded exceeds quantity supplied at

Q241: Price will rise to eliminate a surplus.

Q242: Most markets in the economy are highly

Q244: A supply schedule is a table that

Q245: If a company making frozen orange juice

Q246: At the equilibrium price, the quantity of

Q247: The equilibrium price is the same as

Q248: Assume Kalene buys notebooks in a competitive