Assume That Store Brand Cereal Is an Inferior Good

question 90

Multiple Choice

Assume that store brand cereal is an inferior good.If income rises,then the price of store brand cereal will ________ and the quantity sold of store brand cereal will ________.

• A)rise;rise
• B)rise;fall
• C)fall;fall
• D)fall;rise

---

Definitions:

Anxiety

A mental health condition characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Communication Difficulties

Challenges faced while trying to convey or understand messages effectively between individuals or groups.

High Turnover

A situation in which an organization or industry experiences frequent changes in membership or personnel.

Potential Stressors

Elements or conditions in one's environment that could lead to stress if not managed properly.