For an Inferior Good, the Quantity Demanded

question 23

Multiple Choice

For an inferior good, the quantity demanded

• A) responds directly to changes in income.
• B) rises when income rises.
• C) falls when income falls.
• D) rises when income falls.
• E) does not change when income rises or falls.

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Definitions:

Charter Of Rights And Freedoms

A component of the Canadian Constitution that protects various civil liberties and rights of individuals from infringements by government actions.

Mental Disorder

Refers to a wide range of mental health conditions that affect mood, thinking, and behavior in a manner that deviates from the norm and causes distress or impairment.

Conditional Discharge

A legal term indicating that a defendant has been found guilty but will not be sentenced if they adhere to certain conditions.

NCRMD

Not Criminally Responsible on account of Mental Disorder, a legal finding that a person was suffering from a significant mental illness at the time of committing an act, rendering them incapable of understanding the nature or wrongness of the act.