An Inferior Good Is

question 145

Multiple Choice

An inferior good is:

• A)one whose demand curve will shift rightward as incomes rise.
• B)one whose price and quantity demanded varies directly.
• C)one which has not been approved by the federal Ministry of Agriculture.
• D)one whose demand curve will shift leftward as income rise.

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Definitions:

Financing Activities

Activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.

Loss on Sale

A situation where the proceeds from selling an asset are less than its book value, resulting in a financial loss for the entity.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Operating Activities

Activities related to the core business functions of a company, such as selling goods or services and managing expenses.