Which of the Following Decreases the Demand for an Inferior

question 496

Multiple Choice

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

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

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Definitions:

Summary Plan Description

A document that provides detailed information about an employee benefit plan including its benefits, rights, and obligations under the plan.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit, where the fund grows through investments.

Rights Review

A process or examination to ensure individuals' or groups' rights are respected, protected, and fulfilled according to legal and ethical standards.

I-9 Forms

Forms used by employers in the United States to verify the identity and employment authorization of employees.