Which of the Following Decreases the Demand for an Inferior

question 149

Multiple Choice

Which of the following decreases the demand for an inferior good?

• A) An increase in the price of a substitute
• B) A decrease in the price of a complement
• C) A decrease in income
• D) An increase in income

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Definitions:

Executive Personality

A term often referring to individuals who demonstrate leadership qualities, decision-making capability, and a proactive approach in handling tasks and challenges.

Superego

In Freudian psychoanalysis, the part of a person's mind that acts as a self-critical conscience, reflecting social standards learned from parents and teachers.

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Superego

In psychoanalytic theory, it represents the ethical component of the personality and provides the moral standards by which the ego operates.