The Demand for an Inferior Good _____

question 89

Multiple Choice

The demand for an inferior good _____.

• A) is very low as these goods are generally of a lower quality
• B) decreases as the consumer's income increases
• C) is very high since these goods have few substitutes
• D) increases as the price of the good increases

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Definitions:

Motivated Forgetting

A theory suggesting that individuals may unconsciously forget memories which are troubling or traumatic.

Repression

A defense mechanism in which distressing thoughts, memories, or desires are excluded from conscious awareness.

Encoding Failure

A phenomenon where the brain fails to create a memory link to information, leading to its forgetting.

Memory Decay

The fading or weakening of memories over time, especially if they are not retrieved or rehearsed.