An Inferior Good Is One for Which

question 52

Multiple Choice

An inferior good is one for which

• A) the compensated demand curve fails to be downward sloping.
• B) higher prices have relatively little effect on the quantity demanded.
• C) the income elasticity is positive but less than 1.
• D) increases in income result in lower quantities demanded.

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Definitions:

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by behaviors to avoid weight gain, such as self-induced vomiting, fasting, or excessive exercise.

Epidemiologist

A scientist who studies the patterns, causes, and effects of health and disease conditions in defined populations.

Alcohol Abuse

The harmful or hazardous use of alcohol, which may lead to health problems, personal issues, and social concerns.

Comorbidity

The co-occurrence of two or more disorders or diseases in the same individual, either simultaneously or at different points in their life.