menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 21: The Theory of Consumer Choice
  5. Question
    If a Consumer Wants More of a Good When His
Solved

If a Consumer Wants More of a Good When His

Question 22

Question 22

True/False

If a consumer wants more of a good when his income rises,economists call it an inferior good.

Correct Answer:

verifed

Verified

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

Related Questions

Q6: List and briefly explain each of the

Q17: Which of the following is a property

Q18: A fall in the price of widgets

Q20: When the price of a good increases,the

Q21: What is the slope of an indifference

Q23: What does the theory of consumer choice

Q24: Figure 21-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 21-5

Q25: Figure 21-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 21-7

Q26: Refer to Scenario 21-1 in your textbook.What

Q27: The marginal rate of substitution does NOT

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