Multiple Choice
A good is inferior for a consumer if
A) its consumption rises when income rises.
B) its consumption falls when income rises.
C) the assumption of "more is always preferred to less" holds.
D) some minimal level of the good must be consumed to assure the consumer's survival.
E) it is never included in his or her consumption bundle.
Correct Answer:
Verified
Correct Answer:
Verified
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