Multiple Choice
If you consume less of a good as your income increases:
A) your demand curve is not downward sloping for that good.
B) the good must be an inferior good.
C) the good must not have any close substitutes.
D) your quantity demanded changed by a movement along the demand function.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Suppose you believe that plaid flannel shirts
Q117: When the price of hot dogs is
Q120: Small budget items such as soap have
Q121: When Joe's Gas raises its prices for
Q122: Suppose you have one hour to catch
Q125: The following graph depicts demand. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3715/.jpg"
Q126: Suppose a 10% increase in the price
Q127: On a given linear demand curve,demand is
Q129: Jeans in general have fewer close substitutes
Q130: Suppose that total expenditures for coffee reach