An Inferior Good Is

question 157

Multiple Choice

An inferior good is

• A)any good that consumers think is of low quality.
• B)a good for which the quantity demanded increases as its price decreases.
• C)a good for which the demand rises as income falls.
• D)a good for which the demand rises as income rises.
• E)any good that a producer cannot sell a large quantity of, even at a low price.

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Definitions:

Mycenae

An ancient city located in the Peloponnese of Greece, known for its significant archaeological sites from the Mycenaean civilization.

Spring Fresco

Refers to a fresco painting from the Bronze Age, found in Akrotiri on the island of Thera (modern Santorini), depicting a vibrant spring landscape.

Akrotiri

A Minoan Bronze Age settlement on the Greek island of Santorini, preserved under volcanic ash and known for its advanced architecture and frescoes.

Landscape

Depictions of natural scenery in art, emphasizing the aesthetics of nature and often featuring mountains, trees, rivers, or forests.