menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Principles Study Set 1
  4. Exam
    Exam 3: Supply and Demand
  5. Question
    When a Consumer's Income Level Falls, It Is MORE Likely
Solved

When a Consumer's Income Level Falls, It Is MORE Likely

Question 12

Question 12

Multiple Choice

When a consumer's income level falls, it is MORE likely the consumer will purchase _____ goods.


A) complementary
B) substitute
C) normal
D) inferior

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: Referring to the graph below, what is

Q8: If the surgeon general announced that wearing

Q9: Ceteris paribus, an improvement in production technology<br>A)

Q10: (Figure: Interpreting Supply Shifts 3) When the

Q11: Which circumstance will cause a movement down

Q13: A decrease in supply causes the equilibrium

Q14: If there is a surplus in a

Q15: Which scenario is the MOST likely effect

Q16: Suppose it is discovered that consuming Greek

Q17: Which event will NOT lead to a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines