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:

Desirability

The quality of being wanted or wished for as being attractive, useful, or necessary.

Mary Wollstonecraft

An 18th-century British writer, philosopher, and advocate of women's rights, best known for her work "A Vindication of the Rights of Woman."

Simone de Beauvoir

A French writer, philosopher, and feminist, known for her work on existentialism and feminism, notably "The Second Sex."

Communitarians

Advocates for the importance of community in the formulation of individual rights and values, emphasizing social cohesion and communal responsibilities.