If a Is an Inferior Good and Consumer Income Rises,the

question 64

Multiple Choice

If A is an inferior good and consumer income rises,the demand for A

• A)increases and the equilibrium price and the equilibrium quantity increase.
• B)increases and the equilibrium price rises but the equilibrium quantity decreases.
• C)decreases and the equilibrium price and the equilibrium quantity decrease.
• D)decreases and the equilibrium price falls but the equilibrium quantity increases.
• E)decreases and the equilibrium price rises;as a result, the equilibrium quantity decreases.

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Definitions:

Literal Comparison

A direct comparison between two unlike things that share some common characteristic, without using "like" or "as."

Illustration

A visual explanation of a text, concept, or process, often used in books, magazines, and online articles to clarify information.

Explanation

A statement or account that makes something clear by describing it in more detail or revealing relevant facts or ideas.

Visuals

Graphical elements such as images, charts, and diagrams used to convey information or aid in comprehension.