Multiple Choice
An inferior good is a good whose quantity demanded
A) rises when its price falls.
B) falls when the price of a related good falls.
C) falls when the consumer's total utility rises.
D) rises when the consumer's income falls.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q194: The Patient Protection and Affordable Care Act
Q195: If the price of tuna fish increases
Q196: Which of the following is true about
Q197: A 2.9 percent payroll tax (1.45 percent
Q198: After eating six chocolate candy bars in
Q200: When economists say the price elasticity of
Q201: Which of the following would encourage consumers
Q202: If the price of gasoline goes up,
Q203: Figure 7-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 7-13
Q204: When the price of a good falls,