If Rice Is an Inferior Good

question 42

Multiple Choice

If rice is an inferior good,

• A) the income elasticity of demand for rice will be positive.
• B) an increase in income will cause the demand curve for rice to shift to the left.
• C) an increase in income will cause consumers to buy more rice at the current market price.
• D) a reduction in income would not affect the demand for rice, but it would increase the quantity demanded.

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Definitions:

Canadian Laws

The body of law, including statutes, codes, and regulations, enacted by the Canadian Parliament and provincial legislatures.

Status Quo

The existing state of affairs or current condition, often used to describe prevailing social, political, or economic circumstances.

Feminist Legal Theory

A branch of legal theory that examines the ways in which law is implicated in gender inequalities, advocating for law reforms to address systemic gender biases.

Subordination Of Women

The social, political, and economic inequality and oppression women experience compared to men, often structurally perpetuated.