Multiple Choice
Inferior goods are characterized by _____ demand as a result of increased income.
A) higher
B) lower
C) no change in
D) sharp increases in
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: In a movement along the demand curve,the
Q3: A luxury good is one whose demand
Q4: The price at which the quantity supplied
Q5: Demand is inelastic if<br>A) the quantity demanded
Q6: What caused the decline in demand for
Q7: What happened to the demand curve in
Q8: If financial aid were severely reduced,what would
Q9: The selling prices of houses in 2003
Q10: What happens when a supply curve shifts
Q11: If a town begins requiring builders to