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:

Verified
Correct Answer:
Verified
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