Which of the Following Would Usually Be an Inferior Good

question 81

Multiple Choice

Which of the following would usually be an inferior good?

• A)French wines
• B)generic beer
• C)theatre tickets
• D)steak

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Definitions:

Credits

In accounting, credits refer to a bookkeeping entry that increases a credit account or decreases a debit account on a company's balance sheet.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership of the company’s shareholders.

Balance Sheet

An accounting document that outlines an organization's resources, debts, and ownership interests on a certain date.

Transactions

Financial activities involving the exchange of goods, services, or funds between two parties.