Solved

Assuming That Generic Brands Are Inferior Goods, an Increase in Consumer

Question 150

Multiple Choice

Assuming that generic brands are inferior goods, an increase in consumer income, other things being equal, will cause a(n) :


A) leftward shift in the demand curve for generic goods.
B) downward movement along the demand curve for generic goods.
C) rightward shift in the demand curve for generic goods.
D) upward movement along the demand curve for generic goods.

Correct Answer:

verifed

Verified

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

Related Questions