A Good Is Inferior for a Consumer If

question 33

Multiple Choice

A good is inferior for a consumer if

• A) it is never included in his or her consumption bundle.
• B) its consumption rises when income rises.
• C) its consumption falls when income rises.
• D) some minimal level of the good must be consumed to assure the consumer's survival.
• E) the assumption of "more is always preferred to less" holds.

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Definitions:

Loneliness

A complex and usually unpleasant emotional response to isolation or lack of companionship.

Psychological Disorders

Mental disorders characterized by patterns of behavior or thought that are both dysfunctional and distressing.

Poverty Line

A threshold set by an authority that delineates the minimum level of income required to afford basic living expenses, varying by country and context.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about a variety of things, not limited to one specific issue or situation.