A Good Is an Inferior Good If the Consumer Buys

question 405

Multiple Choice

A good is an inferior good if the consumer buys more of it when

• A)his income rises.
• B)the price of the good falls.
• C)the price of a substitute good rises.
• D)his income falls.

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Definitions:

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Connotation

The implied or associative meaning of a word or phrase, beyond its literal definition.

Talent

An innate or acquired ability to perform a task or activity with high competence and skill.

Ability

The possession of the means or skill to perform a task or action.