If Product Y Is an Inferior Good, a Decrease in Consumer

question 188

Multiple Choice

If product Y is an inferior good, a decrease in consumer incomes will

• A) make buyers want to buy less of Product Y.
• B) not affect the sales of product Y.
• C) shift the demand curve for product Y to the left.
• D) shift the demand curve for product Y to the right.

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Definitions:

Cash

Money in the form of coins or notes that is used to conduct transactions, pay debts, or serve as a medium of exchange.