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    Microeconomics Study Set 2
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    Exam 3: Where Prices Come From: the Interaction of Demand and Supply
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    Figure 3-1 -Refer to Figure 3-1.If the Product Represented Is an Inferior
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Figure 3-1 -Refer to Figure 3-1.If the Product Represented Is an Inferior

Question 4

Question 4

Multiple Choice

Figure 3-1
Figure 3-1    -Refer to Figure 3-1.If the product represented is an inferior good, an increase in income would be represented by a movement from A) A to B. B) B to A. C) D₁ to D₂. D) D₂ to D₁.
-Refer to Figure 3-1.If the product represented is an inferior good, an increase in income would be represented by a movement from


A) A to B.
B) B to A.
C) D₁ to D₂.
D) D₂ to D₁.

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