Multiple Choice
How will a change in income affect the demand for an inferior product?
A) The demand will increase if the income of consumers increases.
B) The demand will increase if the income of consumers decreases.
C) The demand for an inferior product is not affected by consumer incomes.
D) The demand will remain the same but the quantity demanded will increase if income decreases.
Correct Answer:

Verified
Correct Answer:
Verified
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