Multiple Choice
Which of the following decreases the demand for an inferior good?
A) An increase in the price of a substitute
B) A decrease in the price of a complement
C) A decrease in income
D) An increase in income
Correct Answer:

Verified
Correct Answer:
Verified
Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -The above figure
Q126: People buy more of good 1 when
Q144: Because of increasing marginal cost, most supply
Q146: When the price of a normal good
Q147: Which of the following explain(s) why supply
Q148: Which of the following statements is correct?<br>A)
Q150: Beef and leather belts are complements in
Q152: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The figure illustrates
Q153: The interaction of supply and demand explains<br>A)
Q456: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above