Multiple Choice
If macaroni and cheese is an inferior good and an increase in consumer income occurs,then which of the following statements is TRUE?
A) At a given price,more will be spent on macaroni and cheese.
B) There will be an increase in demand for macaroni and cheese.
C) The demand curve for macaroni and cheese will shift farther away from the origin.
D) There will be a decrease in demand for macaroni and cheese.
Correct Answer:
Verified
Correct Answer:
Verified
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