If Good Z Is 'Inferior', Then an Increase in Income

question 104

Multiple Choice

If good Z is 'inferior', then an increase in income will cause:

• A) demand for good Z to increase
• B) market price of good Z to increase
• C) demand for good Z to decrease
• D) demand for good Z will not change

---

Definitions:

Reciprocal Relationship

A mutual relationship where both parties benefit and influence each other, such as the interplay between work and personal life.

Differentiation

The process of distinguishing or creating differences between products, services, or concepts, often to create a competitive advantage.

Congruence

The degree of agreement, harmony, or similarity between two or more aspects, such as personal values and career choices.

Clarity of Identity

The clear and distinct understanding of one's own personal identity, values, and beliefs.