An Inferior Good Has a ________ Income Elasticity of Demand

question 71

Multiple Choice

An inferior good has a ________ income elasticity of demand and quantity demanded ________ as income rises.

• A)negative; increases
• B)negative; decreases
• C)positive; increases
• D)positive; decreases

---

Definitions:

SQI Instruction

An instruction in some programming languages or PLCs used to perform a sequential input operation or process.

SQO Instruction

A sequencer output instruction used in PLC programming to output a sequence of bits or words to control devices.

Sequencer Input

An input to a system that determines the sequence in which operations or events are to occur, often used in automated or programmed processes.