An Inferior Good Is One in Which

question 243

Multiple Choice

An inferior good is one in which

• A)the average consumer chooses not to consume.
• B)the good is not equally valued by all consumers.
• C)an increase in income increases consumption of the good.
• D)an increase in income decreases consumption of the good.

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Definitions:

Inner Conflict

A psychological struggle within oneself, often between competing desires or needs.

Dysfunctional

Referring to something that is not operating normally or effectively, often applied to behaviors, processes, or relationships.

Loyalties

A strong feeling of support or allegiance, often to a person, group, cause, or country.

Low Conformers

Individuals who think independently, solve problems creatively, and often cause some conflict in the process.